Namecoin Coin | Easy Crypto

Unstoppable domain is a san francisco-based company…Namecoin Coin… that is offering domain name extensions that are connected to the blockchain instead of being connected 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 name extension which is tied 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 managed and operated by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that needs any type of approval or permission you as the owner own your domain name so in this video i wish to explain to you whatever that you require to know as a newbie about unstoppable domain make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration in fact work i believe

individuals are going to be quite stunned that it’s method more technical and complicated than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain through a icann accredited domain register why do i state i can certify since you can’t get your domain names straight from i can which is again the nonprofit company that handles the dns system you need to go through an icann accredited domain name register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i don’t know why asking me those are simply the rules which’s what individuals have actually been providing for the last few decades in order to get a domain so that’s why you need to pay a yearly fee on your domain since you’re not actually buying an owning domain name what you’re doing is leasing their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the windows registry that handles that domain name extension which is then totally handled and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? Namecoin Coin

is a verisign for example so all these various domain extensions have various computer registries and the role of the windows registry is just to handle the administrative information for that particular domain name nft domain versus the traditional dns system what’s the difference well the standard dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that particularly suggest a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a special digital product in this circumstances our domain names 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 discover that you can’t geta.com.net.org why well you can’t you need to currently sort of understand why because those are handled by verisign which is a domain name windows registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain names you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main distinction is that these 2 are tied to different block chains that’s it so you have Namecoin Coin

 

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 developed and you have a little bit more features and services built around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same tailored crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain obviously over time as like we have actually decentralized webhosting establish gradually it will be possible to use like a decentralized domain name and a decentralized web host to create your own decentralized website currently it’s not truly possible i imply you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals interact with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Have to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will attain widespread adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement for it to be much easier for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually prospered considerably, as they have actually created a domain system that enables users to set up payments for 276 digital properties under a single domain, while likewise having the ability to be utilized as a fully operating site that can even have dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe due to the fact that once declared the domains exist under your address on blockchain, indicating they are as safe as the blockchain itself.

It is two times as safe since this also means that the domain can not be obstructed by anybody aside from you, so your website is never at risk of being down due to censorship. The site for buying the domains is safe as well and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two main aspects, though it ought to be kept in mind that purchasing a domain is a one-time expense and needs no yearly renewals of any sort.

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

The next factor is the gas fees associated with using the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the transaction to claim them comes in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend on the present expense 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 total.

What Are the Best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no yearly renewal is very attractive considering the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody aside from the owner.

The domains likewise have more performance than conventional domains due to the fact that they can be used to a payment router, but likewise utilized to produce sites with dApps developed directly on them since they exist on the blockchain, allowing the use of wise agreements on your site. Namecoin Coin

Perhaps the best and most appealing function of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 different crypto assets, indicating as soon as you set it up you will only ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anyone who you want to get funds from.

 

Potential Dealbreakers.

There is only one real prospective dealbreaker when it pertains to utilizing Unstoppable Domains, which is the expense of declaring your domain with Ethereum.

This may only be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas charges. Nevertheless, this is a one-time deal fee, and unless you decide to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.