Namecoin Confirmation | Easy Crypto

Unstoppable domain is a san francisco-based business…Namecoin Confirmation… that is offering domain extensions that are connected to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain name extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything constantly needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain name so in this video i wish to describe to you whatever that you require to called a newbie about unstoppable domain make certain to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration really work i believe

people are going to be rather shocked that it’s method more complex and technical than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i state i can license due to the fact that you can’t get your domain directly from i can which is again the nonprofit company that manages the dns system you have to go through an icann certified domain register in order to get a domain which’s just how it works like you resemble why do i have to do that i don’t understand why asking me those are simply the rules and that’s what people have actually been providing for the last few decades in order to get a domain name so that’s why you need to pay a yearly cost on your domain because you’re not actually buying an owning domain what you’re doing is renting 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 absolutely managed 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 Confirmation

is a verisign for instance so all these different domain name extensions have various windows registries and the function of the windows registry is simply to manage the administrative data for that particular domain name nft domain names versus the traditional dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain windows registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it but like what does that particularly imply a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct 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 learn that you can’t geta.com.net.org why well you can’t you should currently type of know why because those are handled by verisign which is a domain name registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain names through unstoppable domain names you can only get blockchain based domain today they only have a dot crypto in dot zo at the time of tape-recording this video the primary distinction is that these 2 are tied to different block chains that’s it so you have Namecoin Confirmation

https://www.youtube.com/watch?v=2HNAaf6rIec

 

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 functions and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill however functionally speaking they are the same tailored crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain names obviously over time as like we have decentralized web host establish in time it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized site presently it’s not actually possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals interact with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than standard domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will achieve prevalent 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 communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded greatly, as they have created a domain system that allows users to establish payments for 276 digital assets under a single domain, while also being able to be utilized as a completely operating site that can even have dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe due to the fact that once claimed 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 blocked by anyone aside from you, so your site is never ever at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 primary factors, though it ought to be noted that buying 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 range from $20 USD to well over $1000 USD depending upon the domain you pick, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.

The next element is the gas costs associated with using the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the deal to declare them comes in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend upon the existing expense of ETH and the network blockage at the time of the transaction. In general you can get most 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 features of Unstoppable Domains that stick out. The reality that it is a one-time purchase with no annual renewal is very attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody besides the owner.

The domains also have more functionality than conventional domains due to the fact that they can be utilized to a payment router, but also used to develop sites with dApps developed directly on them since they exist on the blockchain, allowing the use of smart agreements on your site. Namecoin Confirmation

Maybe the very best and most enticing function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto assets, implying once you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anybody who you want to get funds from.

https://www.youtube.com/watch?v=Zm6uZzZwLSg

 

Prospective 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 just be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to purchase some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.