Namecoin Value | Easy Crypto

Unstoppable domain names is a san francisco-based business…Namecoin Value… 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 connected 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 benefit of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is managed and run by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that requires any type of approval or consent you as the owner own your domain so in this video i wish to discuss to you whatever that you need to referred to as a newbie about unstoppable domain names make sure to inspect the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration actually work i think

individuals are going to be quite stunned that it’s way more technical and complicated than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re launching the domain name through a icann licensed domain register why do i state i can license due to the fact that you can’t get your domain names directly from i can which is again the not-for-profit company that manages the dns system you have to go through an icann licensed domain register in order to get a domain name and that’s just how it works like you’re like why do i need to do that i do not know why asking me those are simply the guidelines which’s what people have actually been doing for the last few years in order to get a domain so that’s why you need to pay an annual fee on your domain names due to the fact that you’re not in fact 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 registry that manages that domain name extension which is then absolutely handled and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Namecoin Value

is a verisign for example so all these different domain name extensions have different pc registries and the role of the pc registry is just to manage the administrative data for that particular domain name nft domain names versus the conventional dns system what’s the distinction well the standard dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain computer system registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it but like what does that specifically mean a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a special digital product 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 should already sort of know 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 kinds of domain through unstoppable domain you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of taping this video the primary difference is that these two are tied to various block chains that’s it so you have Namecoin Value

 

your dot crypto which is connected 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 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 individualized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain names clearly gradually as like we have decentralized web host establish with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized site presently it’s not truly possible i indicate 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 saved in your wallet.

More performance than conventional domains.

Supports 276 crypto assets.

Cons.

Have 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 current CEO, who saw a need for it to be simpler 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 find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have been successful greatly, as they have produced a domain system that allows users to establish payments for 276 digital possessions under a single domain name, while also having the ability to be utilized as a completely operating website that can even have actually dApps built onto them due to the fact that the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since as soon as claimed the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.

It is doubly safe because this also means that the domain can not be obstructed by anybody other than 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 secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary aspects, though it needs to be kept in mind that buying a domain is a one-time cost and requires no yearly renewals of any sort.

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

The next aspect is the gas fees associated with utilizing the Ethereum blockchain to declare your domain, since the domains are kept 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 upon the current expense of ETH and the network blockage at the time of the transaction. In general 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 apart. The fact that it is a one-time purchase with no annual renewal is very attractive thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone besides the owner.

The domains also have more performance than traditional domains because they can be utilized to a payment router, but likewise utilized to develop sites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your site. Namecoin Value

Maybe the best and most appealing feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 various crypto properties, meaning once you set it up you will only 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 only for you, but for anyone who you wish to get funds from.

 

Prospective Dealbreakers.

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

This may only 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 think it is unreasonable to pay the gas charges. This is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the additional fee associated with getting your domain.