Namecoin What Is? | Easy Crypto

Unstoppable domain names is a san francisco-based company…Namecoin What Is?… that is offering 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 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 advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just totally decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or consent you as the owner own your domain so in this video i want to discuss to you whatever that you require to referred to as a beginner about unstoppable domain make sure 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 quite surprised that it’s method more technical and complex than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain through a icann accredited domain name register why do i say i can certify because you can’t get your domain straight from i can which is again the nonprofit organization that manages the dns system you need to go through an icann licensed domain name register in order to get a domain which’s simply how it works like you resemble why do i need to do that i do not understand why asking me those are just the rules and that’s what individuals have actually been doing for the last few decades in order to get a domain so that’s why you require to pay an annual cost on your domain names due to the fact that you’re not actually 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 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 registry for that extension

Is unstoppable domains on Ethereum? Namecoin What Is?

is a verisign for instance so all these different domain extensions have different windows registries and the role of the pc registry is simply to manage the administrative data for that specific domain nft domain versus the traditional dns system what’s the distinction well the standard dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain registries then you have your icann licensed 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 particularly indicate a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents a distinct digital product in this circumstances our domain dot crypto versus dot zill what’s the distinction with these 2 so if you leap over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you need to already type of know why because those are managed by verisign which is a domain name registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can only get blockchain based domain right now they only have a dot crypto in dot zo at the time of tape-recording this video the primary distinction is that these 2 are connected to different block chains that’s it so you have Namecoin What Is?

 

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 features and services built around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same tailored crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain names certainly in time as like we have actually decentralized web host establish in time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized website presently it’s not actually possible i mean you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people interact with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than conventional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will accomplish extensive 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 easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this manner they have been successful considerably, as they have produced a domain system that allows users to set up payments for 276 digital possessions under a single domain name, while likewise being able to be utilized as a fully functioning site that can even have actually dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe due to the fact that once claimed the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is twice as safe since this likewise indicates that the domain can not be blocked by anyone aside from you, so your website is never at risk of being down due to censorship. The website for purchasing the domains is safe as well and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary factors, though it must be kept in mind that purchasing a domain is a one-time cost and requires no annual 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 on the domain you select, as expense is based upon 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 exceptional domains that cost 10s of thousands.

The next aspect is the gas fees related to using the Ethereum blockchain to claim your domain, due to the fact that the domains are stored on the Ethereum blockchain, the deal to declare them is available in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the current cost of ETH and the network blockage at the time of the transaction. In general you can get 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 functions of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no yearly renewal is very attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone other than the owner.

The domains likewise have more functionality than traditional domains due to the fact that they can be used to a payment router, but also used to develop websites with dApps built straight on them because they exist on the blockchain, allowing the use of clever agreements on your site. Namecoin What Is?

Maybe the very best and most enticing function of Unstoppable Domains is that is provides you a method to have one address for you to get 276 various crypto properties, implying as soon as you set it up you will just ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not just for you, but for anyone who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one real potential dealbreaker when it comes to utilizing Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This may only be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to acquire some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time transaction cost, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.