Unstoppable domain names is a san francisco-based company…Namecoin Mining Pool… that is supplying 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 extension which is tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name extensions is just that they are decentralized so the dns system is managed and run by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply completely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or approval you as the owner own your domain so in this video i wish to describe to you whatever that you need to know as a newbie about unstoppable domain names make certain to check the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration really work i believe
people are going to be quite surprised that it’s method more technical and complex than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re releasing the domain through a icann licensed domain register why do i state i can license since you can’t get your domain names directly from i can which is again the not-for-profit company that handles the dns system you need to go through an icann licensed domain register in order to get a domain name which’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 guidelines which’s what individuals have actually been doing for the last couple of decades in order to get a domain so that’s why you require to pay a yearly charge on your domain names due to the fact that you’re not really 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 computer system registry that manages that domain name extension which is then absolutely 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 Mining Pool
is a verisign for instance so all these different domain name extensions have various windows registries and the function of the computer registry is just to handle the administrative information for that particular domain name nft domain versus the conventional dns system what’s the distinction well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain computer system registries then you have your icann licensed domain name 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 imply a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a special digital product in this circumstances our domain dot crypto versus dot zill what’s the difference with these two so if you leap 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 must currently sort of know why due to the fact that those are handled by verisign which is a domain windows registry which is managed by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can just get blockchain based domain today they just have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these 2 are connected to different block chains that’s it so you have Namecoin Mining Pool
your dot crypto which is connected to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more developed and you have a 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 however functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain clearly over time as like we have decentralized web host develop over time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized site presently it’s not truly possible i imply you can do it however it’s quite technical uh.
One-time purchase of domain.
Streamlines way in which individuals connect with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than standard domains.
Supports 276 crypto possessions.
Have to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will attain extensive adoption.
Some domains are still pre-sale just.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a requirement for it to be much easier for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.
In this manner they have been successful greatly, as they have created a domain system that permits users to set up payments for 276 digital possessions under a single domain, while likewise being able to be utilized as a fully working website that can even have actually dApps developed onto them due to the fact that the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe since once claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.
It is two times as safe since this likewise means that the domain can not be obstructed by anybody besides you, so your website is never ever at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a 2 main factors, though it must be kept in mind that buying a domain is a one-time cost and needs no annual renewals of any sort.
The 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 choose, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing extra. In addition, there are premium 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 included in your preliminary purchase. The gas costs you will pay will depend on the existing expense of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no annual renewal is exceptionally attractive considering the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody besides the owner.
The domains also have more performance than conventional domains because they can be utilized to a payment router, however likewise used to develop websites with dApps developed directly on them since they exist on the blockchain, allowing the use of smart agreements on your site. Namecoin Mining Pool
Possibly the best and most enticing function of Unstoppable Domains is that is provides you a method to have one address for you to get 276 various crypto assets, meaning as soon as you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not just for you, but for anybody who you want to receive funds from.
There is only one real possible dealbreaker when it concerns using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This might just be a dealbreaker since you do not have any Ethereum at your address and need to acquire some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time transaction charge, and unless you choose to sell/transfer your domain to someone else it will be the additional fee associated with getting your domain.