Namecoin Total Supply | Easy Crypto

Unstoppable domain names is a san francisco-based business…Namecoin Total Supply… that is providing domain extensions that are tied to the blockchain instead of being connected to the dns system specifically 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 benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and operated by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply completely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or permission you as the owner own your domain so in this video i want to explain to you whatever that you need to called a newbie about unstoppable domain names ensure to check 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 think

people are going to be rather stunned that it’s method more technical and complicated than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing 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 straight from i can which is again the nonprofit company that handles the dns system you have to go through an icann accredited domain name register in order to get a domain name and that’s simply how it works like you resemble why do i need to do that i don’t know why asking me those are simply the guidelines which’s what individuals have actually been providing for the last couple of years in order to get a domain so that’s why you need to pay an annual charge on your domain due to the fact that you’re not really purchasing 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 completely handled and arranged 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 Total Supply

is a verisign for instance so all these different domain extensions have different pc registries and the function of the computer system registry is simply to handle the administrative information for that particular 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 windows registries then you have your icann certified 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 specifically mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital item in this instance our domain names dot crypto versus dot zill what’s the difference 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 need to already kind of understand why due to the fact that those are managed by verisign which is a domain name pc registry which is managed by icann that’s part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can just get blockchain based domain today they only have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these 2 are tied to different block chains that’s it so you have Namecoin Total Supply

 

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 bit more services and features built around uh at the ethereum blockchain with a dot crypto domain 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 gateway so this is the primary feature of unstoppable domain names certainly in time as like we have actually decentralized web host develop with time it will be possible to use like a decentralized domain name and a decentralized webhosting to develop your own decentralized site currently it’s not actually possible i suggest you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals engage with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than standard domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some question regarding 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 simpler for users to connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.

In this way they have prospered greatly, as they have developed a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise being able to be utilized as a totally working website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe because when claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.

It is two times as safe due to the fact that this also indicates that the domain can not be blocked by anyone other than you, so your site is never ever at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 main aspects, though it needs to be noted that purchasing a domain is a one-time expense and needs no yearly renewals of any sort.

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

The next factor is the gas fees related to utilizing the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the current cost 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 Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stick out. The fact that it is a one-time purchase without any yearly renewal is extremely attractive thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone other than the owner.

The domains also have more functionality than traditional domains since they can be used to a payment router, but likewise used to produce sites with dApps constructed directly on them because they exist on the blockchain, allowing the use of clever contracts on your website. Namecoin Total Supply

Maybe the very best and most attractive function of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto assets, indicating once you set it up you will just ever need to understand 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 anyone who you want to receive funds from.

 

Potential Dealbreakers.

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

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