Namecoin Youtube | Easy Crypto

Unstoppable domain is a san francisco-based business…Namecoin Youtube… that is offering 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 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 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 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 kind of approval or approval you as the owner own your domain so in this video i want to describe to you everything that you need to referred to as a newbie about unstoppable domain make certain to check the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration really work i think

individuals are going to be rather shocked that it’s method more technical and complex than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain through a icann accredited 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 nonprofit company that manages the dns system you have to go through an icann certified 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 rules which’s what people have actually been providing for the last couple of decades in order to get a domain so that’s why you need to pay an annual cost on your domain since you’re not really buying an owning domain name 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 absolutely 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 Youtube

is a verisign for example so all these different domain name extensions have different computer system registries and the function of the registry is just to handle the administrative data for that particular domain name nft domain names versus the traditional dns system what’s the difference well the traditional dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain pc 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 alter it but like what does that particularly imply a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents a distinct digital item in this instance our domain dot crypto versus dot zill what’s the difference with these 2 so if you leap 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 currently kind of know why since those are managed by verisign which is a domain name computer registry which is handled 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 only get blockchain based domain today they just have a dot crypto in dot zo at the time of tape-recording this video the primary distinction is that these two are tied to different block chains that’s it so you have Namecoin Youtube

 

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 developed around uh at the ethereum blockchain with a dot crypto domain name than you finish 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 undoubtedly gradually as like we have decentralized webhosting develop gradually it will be possible to use like a decentralized domain and a decentralized web host to create your own decentralized website currently it’s not truly possible i suggest you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals communicate with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than conventional domains.

Supports 276 crypto assets.

Cons.

Have to invest ETH to claim domain.

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

In this manner they have succeeded considerably, as they have actually created a domain system that permits users to set up payments for 276 digital possessions under a single domain, while likewise being able to be utilized as a completely functioning website that can even have actually dApps constructed onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe because as soon as declared the domains exist under your address on blockchain, indicating they are as secure as the blockchain itself.

It is two times as safe due to the fact that this also means that the domain can not be blocked by anybody other than you, so your website is never ever at risk of being down due to censorship. The site for acquiring 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 upon a 2 primary aspects, though it should be noted that purchasing a domain is a one-time cost and requires no yearly renewals of any sort.

The first element is the expense of the domain itself, this can vary 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 example), and the length of the domain name, with much shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next element is the gas costs related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to claim them can be found in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the current expense of ETH and the network congestion at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Functions of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stick out. The fact that it is a one-time purchase without any annual renewal is incredibly enticing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody aside from the owner.

The domains also have more performance than conventional domains since they can be used to a payment router, however also used to develop sites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your website. Namecoin Youtube

Possibly the very best and most enticing function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 various crypto possessions, implying once you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not only for you, but for anyone who you want to get funds from.

 

Potential Dealbreakers.

There is only one genuine possible dealbreaker when it concerns using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.

This may just be a dealbreaker because 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 think it is unreasonable to pay the gas costs. Nevertheless, this is a one-time deal cost, and unless you choose to sell/transfer your domain to somebody else it will be the additional cost connected with getting your domain.