Namecoin Ticker | Easy Crypto

Unstoppable domain names is a san francisco-based business…Namecoin Ticker… that is offering domain name extensions that are connected to the blockchain instead of being connected to the dns system particularly 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 operated by icann so anything constantly needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that requires any kind of approval or authorization you as the owner own your domain name so in this video i want to discuss to you everything that you require to know as a beginner about unstoppable domain names make certain to inspect the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration actually work i think

individuals are going to be quite stunned that it’s method more complicated and technical than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re releasing the domain through a icann licensed domain name register why do i state i can license since you can’t get your domain names straight from i can which is again the not-for-profit company that handles the dns system you have to go through an icann certified domain register in order to get a domain and that’s simply how it works like you resemble why do i need to do that i don’t understand why asking me those are simply the rules which’s what people have been providing for the last few years in order to get a domain name so that’s why you need to pay a yearly fee on your domain names because 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 pc registry that handles that domain name extension which is then totally handled 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 Ticker

is a verisign for example so all these various domain extensions have different pc registries and the role of the registry is simply to manage the administrative information for that specific domain nft domain versus the standard 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 actually icann you have your domain computer registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it however like what does that particularly indicate a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a distinct digital product in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these 2 so if you jump over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you ought to already type of understand why because those are managed by verisign which is a domain name registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of recording this video the main difference is that these 2 are tied to different block chains that’s it so you have Namecoin Ticker

 

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 bit more services and features built around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain names certainly over time as like we have decentralized webhosting develop with time it will be possible to use like a decentralized domain name and a decentralized webhosting to develop your own decentralized website currently it’s not truly possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals interact with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will achieve prevalent adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a requirement for it to be easier for users to connect with crypto addresses. The objective 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 websites, except for crypto addresses.

In this manner they have been successful significantly, as they have actually produced a domain system that permits users to set up payments for 276 digital properties under a single domain, while also being able to be utilized as a fully functioning website that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is doubly safe since this also implies 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 as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two main elements, though it should be noted that acquiring a domain is a one-time expense and needs no yearly 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 on the domain you pick, 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 superior domains that cost 10s of thousands.

The next factor is the gas fees associated with using the Ethereum blockchain to declare your domain, due to the fact that the domains are saved on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend on the present cost of ETH and the network congestion at the time of the deal. Overall 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 features of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no yearly renewal is extremely appealing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone other than the owner.

The domains also have more performance than conventional domains since they can be utilized to a payment router, but likewise utilized to create websites with dApps constructed straight on them because they exist on the blockchain, allowing the use of clever agreements on your site. Namecoin Ticker

Maybe 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 possessions, suggesting once you set it up you will just ever require to understand 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 anybody who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one genuine potential dealbreaker when it pertains to using Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This might just be a dealbreaker because 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 believe it is unreasonable to pay the gas charges. This is a one-time transaction fee, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.