Namecoin Solo Mining | Easy Crypto

Unstoppable domain is a san francisco-based business…Namecoin Solo Mining… that is offering domain extensions that are connected to the blockchain instead of being tied to the dns system particularly you can get a dot crypto which is connected 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 requires any kind of approval or permission you as the owner own your domain name so in this video i want to explain to you whatever that you need to referred to as a novice about unstoppable domain names make certain to examine the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration in fact work i believe

individuals are going to be rather stunned that it’s way more technical and complex than you imagined 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 through a icann accredited domain name register why do i say i can certify because you can’t get your domain straight from i can which is again the nonprofit organization that handles the dns system you have to go through an icann accredited domain name register in order to get a domain name 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 just the rules and that’s what people have been doing for the last few years in order to get a domain name so that’s why you require to pay a yearly charge on your domain names since you’re not in fact purchasing an owning domain what you’re doing is renting 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 registry that handles that domain extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Namecoin Solo Mining

is a verisign for example so all these various domain name extensions have different computer system registries and the function of the registry is simply to manage the administrative information for that particular domain nft domain versus the traditional dns system what’s the difference well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain computer 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 however like what does that specifically mean a non-fungible token is simply a piece of data found 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 distinction with these two so if you jump 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 ought to already type of know why because those are handled by verisign which is a domain pc registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can just get blockchain based domain names today they only have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these two are tied to different block chains that’s it so you have Namecoin Solo Mining

 

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 functions and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish 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 primary function of unstoppable domain names undoubtedly in time as like we have decentralized webhosting develop over time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not truly possible i imply you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

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

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a requirement for it to be simpler for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to find out IP addresses in order to get to websites, except for crypto addresses.

In this manner they have been successful considerably, as they have produced a domain system that allows users to establish payments for 276 digital assets under a single domain name, while likewise being able to be utilized as a totally operating site that can even have actually dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe since once declared the domains exist under your address on blockchain, suggesting they are as secure as the blockchain itself.

It is two times as safe since this likewise suggests that the domain can not be obstructed by anyone besides you, so your site is never at risk of being down due to censorship. The website for acquiring 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 upon a two primary elements, though it needs to be kept in mind that purchasing a domain is a one-time cost and needs no annual renewals of any sort.

The first element is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you choose, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing extra. In addition, there are exceptional domains that cost 10s of thousands.

The next factor is the gas costs connected with utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to declare them can be found in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend upon the existing cost of ETH and the network blockage at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Features of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no annual renewal is incredibly enticing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone aside from the owner.

The domains also have more performance than conventional domains because they can be utilized to a payment router, however also used to develop sites with dApps developed directly on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your website. Namecoin Solo Mining

Maybe the very best and most attractive feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto properties, meaning when you set it up you will only ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anyone who you wish to get funds from.

 

Prospective Dealbreakers.

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

This may just be a dealbreaker since you do not have any Ethereum at your address and need to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. However, this is a one-time deal charge, and unless you decide to sell/transfer your domain to someone else it will be the extra fee related to getting your domain.