Namecoin Reddit | Easy Crypto

Unstoppable domain is a san francisco-based company…Namecoin Reddit… that is supplying 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 tied 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 simply that they are decentralized so the dns system is controlled and operated by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that requires any type of approval or approval you as the owner own your domain name so in this video i wish to describe to you everything that you require to referred to as a novice about unstoppable domain names make sure to examine the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration actually work i believe

individuals are going to be quite stunned that it’s way more technical and complex than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re launching the domain name through a icann accredited domain name register why do i state i can certify since 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 name register in order to get a domain name which’s simply how it works like you resemble why do i need to do that i do not know why asking me those are just the rules and that’s what people have been doing for the last couple of decades in order to get a domain so that’s why you need to pay an annual charge on your domain since you’re not actually buying an owning domain name 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 extension which is then totally managed and arranged by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension

Is unstoppable domains on Ethereum? Namecoin Reddit

is a verisign for instance so all these various domain name extensions have various windows registries and the role of the pc registry is just to handle the administrative data for that specific domain name nft domain names versus the standard 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 icann you have your domain registries then you have your icann certified 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 specifically mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents an unique digital item in this instance our domain names dot crypto versus dot zill what’s the distinction with these 2 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 need to currently kind of know why because those are managed by verisign which is a domain name computer 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 names you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these two are tied to different block chains that’s it so you have Namecoin Reddit

 

your dot crypto which is tied 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 developed 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 gateway so this is the main feature of unstoppable domain clearly gradually as like we have actually decentralized webhosting develop over time it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not truly possible i suggest you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people interact with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than standard domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will attain widespread 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 interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to discover IP addresses in order to get to sites, except for crypto addresses.

In this way they have been successful significantly, as they have produced a domain system that allows users to establish payments for 276 digital properties under a single domain name, while also being able to be utilized as a fully operating site that can even have actually dApps built onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe since as soon as declared the domains exist under your address on blockchain, implying they are as safe and secure as the blockchain itself.

It is twice as safe because this likewise indicates that the domain can not be obstructed by anyone aside from you, so your site is never at risk of being down due to censorship. The site for acquiring the domains is safe also and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 primary factors, though it must be noted that purchasing a domain is a one-time cost and needs no annual renewals of any sort.

The first element is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you pick, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas fees related to using the Ethereum blockchain to claim your domain, due to the fact that the domains are saved on the Ethereum blockchain, the transaction to claim them comes in ETH and is not included in your initial 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 most likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any yearly renewal is exceptionally appealing thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone besides the owner.

The domains likewise have more functionality than conventional domains since they can be used to a payment router, but also utilized to produce sites with dApps built straight on them since they exist on the blockchain, allowing the use of wise agreements on your site. Namecoin Reddit

Perhaps the best and most enticing function of Unstoppable Domains is that is provides you a way to have one address for you to get 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 just for you, but for anyone who you want to receive funds from.

 

Possible Dealbreakers.

There is only one real possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of claiming 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 need to purchase some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional fee associated with getting your domain.