Namecoin Symol | Easy Crypto

Unstoppable domain is a san francisco-based company…Namecoin Symol… that is providing 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 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 name extensions is simply that they are decentralized so the dns system is controlled and run by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or consent you as the owner own your domain so in this video i want to explain to you everything that you require to referred to as a beginner about unstoppable domain names make sure to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration actually work i believe

individuals are going to be quite surprised that it’s way more complex and technical than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re launching the domain through a icann certified domain register why do i state i can accredit since you can’t get your domain straight from i can which is again the nonprofit company 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 have to do that i do not know why asking me those are simply the rules which’s what individuals have been doing for the last few decades in order to get a domain name so that’s why you require to pay a yearly fee on your domain because you’re not actually 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 windows registry that handles that domain extension which is then absolutely managed and organized 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 Symol

is a verisign for instance so all these different domain extensions have various computer system registries and the role of the windows registry is simply to handle the administrative information for that particular domain nft domain names versus the conventional dns system what’s the difference well the traditional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain pc registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that specifically suggest a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents a distinct digital item in this instance our domain names 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 discover that you can’t geta.com.net.org why well you can’t you should currently type of understand why because those are managed by verisign which is a domain name computer system registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain today they just 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 Symol

 

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 industrialized and you have a little bit more services and functions developed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment entrance so this is the primary feature of unstoppable domain names obviously in time as like we have actually decentralized webhosting establish in time it will be possible to use like a decentralized domain name and a decentralized webhosting to create 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 kept in your wallet.

More performance than conventional domains.

Supports 276 crypto properties.

Cons.

Have to spend ETH to claim domain.

Still some question as to whether Unstoppable Domains will achieve widespread 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 much easier for users to interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have succeeded significantly, as they have actually developed 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 fully working website that can even have dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe because as soon as claimed the domains exist under your address on blockchain, meaning 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 aside from you, so your site is never at risk of being down due to censorship. The website for purchasing the domains is safe too and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary elements, though it must be noted that buying a domain is a one-time cost and needs no yearly 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 on the domain you select, 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 premium domains that cost tens of thousands.

The next aspect is the gas fees related to using the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the transaction to declare them comes in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the present expense of ETH and the network congestion 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 very best Functions of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any annual renewal is very enticing thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody aside from the owner.

The domains also have more functionality than traditional domains because they can be used to a payment router, however likewise utilized to develop websites with dApps developed straight on them since they exist on the blockchain, allowing the use of clever contracts on your site. Namecoin Symol

Maybe the best and most attractive feature of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 various crypto assets, 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 easier not just for you, but for anybody who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one real possible dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This might only be a dealbreaker because you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas charges. However, this is a one-time deal charge, and unless you decide to sell/transfer your domain to somebody else it will be the extra cost connected with getting your domain.