Namecoin Price Index | Easy Crypto

Unstoppable domain names is a san francisco-based company…Namecoin Price Index… that is providing domain name extensions that are tied to the blockchain instead of being tied 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 extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is controlled and run by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that needs any type 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 called a novice about unstoppable domain names make sure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration in fact work i think

people are going to be rather shocked that it’s way more complex and technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re launching the domain name through a icann licensed domain register why do i state i can accredit because you can’t get your domain names directly from i can which is again the nonprofit organization that handles the dns system you have to go through an icann certified domain register in order to get a domain name which’s simply how it works like you’re like why do i need to do that i don’t understand why asking me those are simply the guidelines which’s what people have actually been providing for the last few decades in order to get a domain so that’s why you require to pay a yearly charge on your domain names since you’re not in fact buying an owning domain what you’re doing is leasing 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 computer system registry that manages 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 windows registry for that extension

Is unstoppable domains on Ethereum? Namecoin Price Index

is a verisign for instance so all these various domain name extensions have various computer system registries and the function of the computer system registry is simply to manage the administrative information for that particular domain name nft domain names versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain computer registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that particularly mean 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 names dot crypto versus dot zill what’s the difference with these 2 so if you leap 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 need to currently sort of understand why because those are managed by verisign which is a domain computer system 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 names you can just get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the primary difference is that these 2 are tied to various block chains that’s it so you have Namecoin Price Index

 

your dot crypto which is tied to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more industrialized and you have a little bit more services and functions 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 tailored crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain clearly gradually as like we have actually decentralized web host establish with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to create your own decentralized website currently it’s not actually possible i suggest you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people communicate with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto possessions.

Cons.

Have to spend 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 simpler for users to connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.

In this manner they have actually prospered significantly, as they have actually produced a domain system that enables users to set up payments for 276 digital properties under a single domain name, while also being able to be used as a totally functioning website that can even have dApps built onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since when declared the domains exist under your address on blockchain, meaning they are as protected as the blockchain itself.

It is twice as safe due to the fact that this also means that the domain can not be blocked by anyone besides you, so your site is never ever at risk of being down due to censorship. The website for purchasing the domains is safe also and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary elements, though it needs to be noted that buying a domain is a one-time cost and requires no annual renewals of any sort.

The very first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you choose, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.

The next element is the gas costs associated with using the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the current 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 couple of functions of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any annual renewal is very appealing considering the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anybody aside from the owner.

The domains likewise have more functionality than standard domains since they can be utilized to a payment router, however likewise used to produce websites with dApps developed directly on them because they exist on the blockchain, allowing the use of smart contracts on your website. Namecoin Price Index

Perhaps the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto properties, meaning once 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 simpler not just for you, but for anybody who you want to receive funds from.

 

Prospective Dealbreakers.

There is only one genuine prospective dealbreaker when it concerns using Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This may only be a dealbreaker because you do not have any Ethereum at your address and need to purchase some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas charges. Nevertheless, this is a one-time deal cost, and unless you choose to sell/transfer your domain to another person it will be the extra fee connected with getting your domain.