Namecoin Client | Easy Crypto

Unstoppable domain names is a san francisco-based company…Namecoin Client… that is providing domain name extensions that are connected to the blockchain instead of being tied to the dns system specifically you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is controlled and run by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or approval you as the owner own your domain name so in this video i want to discuss to you whatever that you need to referred to as a beginner about unstoppable domain names make certain to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration actually work i believe

people are going to be quite shocked that it’s way more technical and complicated than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re releasing the domain through a icann licensed domain register why do i state i can certify because you can’t get your domain directly from i can which is again the nonprofit organization that handles the dns system you need to go through an icann certified domain register in order to get a domain which’s just how it works like you’re like why do i have to do that i don’t know why asking me those are just the guidelines which’s what individuals have actually been providing for the last couple of decades in order to get a domain so that’s why you require to pay an annual fee on your domain names since you’re not actually purchasing an owning domain what you’re doing is renting their domain name so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the registry that manages that domain name extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Namecoin Client

is a verisign for example so all these various domain extensions have different computer registries and the function of the windows registry is simply to handle the administrative information for that specific domain nft domain versus the traditional dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that particularly suggest a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital item in this circumstances our domain dot crypto versus dot zill what’s the difference with these 2 so if you jump over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you must already type of understand why due to the fact that those are handled by verisign which is a domain name pc registry which is managed by icann that becomes part of the dns system that’s why you can’t get those types of domain names through unstoppable domain you can just get blockchain based domain right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these 2 are connected to various block chains that’s it so you have Namecoin Client

 

your dot crypto which is connected to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more industrialized and you have a little bit more services and functions constructed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain names undoubtedly in time as like we have decentralized webhosting establish over time it will be possible to use like a decentralized domain name and a decentralized web host to create your own decentralized website presently it’s not truly possible i suggest you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than standard domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will achieve extensive adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a need for it to be easier for users to connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually succeeded significantly, as they have actually produced a domain system that allows users to establish payments for 276 digital properties under a single domain name, while also having the ability to be utilized as a totally operating website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe due to the fact that once claimed the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.

It is doubly safe since this also indicates that the domain can not be blocked by anyone other than you, so your website is never ever at risk of being down due to censorship. The website for buying the domains is safe also and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary aspects, though it ought to be kept in mind that purchasing a domain is a one-time cost and requires no annual renewals of any sort.

The first element is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you select, as expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with shorter domains costing extra. In addition, there are superior domains that cost 10s of thousands.

The next element is the gas costs associated with utilizing the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to claim them comes in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend upon the current cost of ETH and the network blockage at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any annual renewal is very enticing thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody other than the owner.

The domains likewise have more functionality than conventional domains because they can be utilized to a payment router, however likewise utilized to create sites with dApps constructed straight on them because they exist on the blockchain, allowing the use of clever contracts on your site. Namecoin Client

Maybe the best and most enticing function of Unstoppable Domains is that is offers you a way to have one address for you to get 276 various crypto assets, indicating as soon as you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not just for you, but for anyone who you wish to get funds from.

 

Prospective Dealbreakers.

There is only one real potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This might only be a dealbreaker since you do not have any Ethereum at your address and need to acquire some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.