Namecoin Vs Handshake | Easy Crypto

Unstoppable domain names is a san francisco-based company…Namecoin Vs Handshake… that is offering domain 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 tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or permission you as the owner own your domain name so in this video i wish to describe to you whatever that you need to know as a beginner about unstoppable domain names ensure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration actually work i think

individuals are going to be rather stunned that it’s method more complex and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re releasing the domain through a icann certified domain name register why do i state i can license because you can’t get your domain straight from i can which is once again the not-for-profit company that handles the dns system you need to go through an icann licensed domain name register in order to get a domain and that’s just how it works like you resemble why do i have to do that i do not know why asking me those are simply the guidelines which’s what individuals have been providing 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 names due to the fact that you’re not in fact buying an owning domain name what you’re doing is leasing 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 handles that domain name extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Namecoin Vs Handshake

is a verisign for example so all these different domain name extensions have different computer registries and the role of the windows registry is just to handle the administrative information for that particular domain name nft domain versus the standard dns system what’s the difference well the conventional dns system is a central system as i alluded to earlier based around icann so you have actually 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 significance like you can’t jump in and alter it however like what does that particularly mean a non-fungible token is simply a piece of information discovered 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 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 currently kind of understand why because those are managed by verisign which is a domain computer system registry which is managed by icann that becomes part of the dns system that’s why you can’t get those types of domain names through unstoppable domain names you can only get blockchain based domain names today they just have a dot crypto in dot zo at the time of taping this video the primary distinction is that these two are connected to different block chains that’s it so you have Namecoin Vs Handshake

 

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 developed 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 set up as a payment gateway so this is the primary function of unstoppable domain names obviously gradually as like we have actually decentralized webhosting establish gradually it will be possible to utilize like a decentralized domain name and a decentralized webhosting to produce your own decentralized website currently it’s not really possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

Still some concern as to whether Unstoppable Domains will achieve widespread adoption.

Some domains are still pre-sale just.

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 objective 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 manner they have actually prospered greatly, as they have actually produced a domain system that permits users to establish payments for 276 digital possessions under a single domain name, while likewise being able to be used as a totally functioning site that can even have actually dApps built onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe because when declared the domains exist under your address on blockchain, suggesting they are as safe and secure as the blockchain itself.

It is two times as safe because this likewise means that the domain can not be blocked by anybody other than you, so your website is never at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a two main factors, though it needs to be kept in mind that purchasing a domain is a one-time expense and requires no annual renewals of any sort.

The very 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 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 superior domains that cost 10s of thousands.

The next factor is the gas fees related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend upon the present cost of ETH and the network congestion at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the Best Features of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no annual renewal is incredibly enticing considering the way standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone besides the owner.

The domains also have more functionality than traditional domains since they can be utilized to a payment router, however also used to create websites with dApps built directly on them since they exist on the blockchain, allowing the use of wise contracts on your site. Namecoin Vs Handshake

Possibly the best and most attractive feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto assets, implying when you set it up you will just ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not only for you, but for anybody who you wish to receive funds from.

 

Prospective Dealbreakers.

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

This may only be a dealbreaker because you do not have any Ethereum at your address and need to buy 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 charge, and unless you decide to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.