Namecoin | Easy Crypto

Unstoppable domain names is a san francisco-based business…Namecoin… that is providing domain name extensions that are tied to the blockchain instead of being connected to the dns system particularly you can get a dot crypto which is connected 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 advantage 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 always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply 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 wish to describe to you everything that you require to called a novice about unstoppable domain ensure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration in fact work i think

people are going to be quite 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 purchasing the domain name what you’re doing is you’re releasing the domain name through a icann accredited domain register why do i state i can certify because you can’t get your domain names straight from i can which is again the not-for-profit organization that handles the dns system you need to go through an icann accredited domain register in order to get a domain name which’s simply how it works like you’re like why do i have to do that i don’t know why asking me those are simply the guidelines and that’s what people have been doing for the last few years in order to get a domain name so that’s why you need to pay an annual charge on your domain names since you’re not actually purchasing 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 windows registry that manages that domain extension which is then totally 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

is a verisign for instance so all these various domain name extensions have various computer system registries and the role of the registry is simply to manage the administrative information for that specific domain name 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 icann you have your domain registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that particularly suggest a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a special digital item in this instance our domain dot crypto versus dot zill what’s the difference with these two so if you leap over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you ought to already type of know why because those are managed by verisign which is a domain name windows registry which is managed by icann that becomes 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 right now they only have a dot crypto in dot zo at the time of recording this video the main difference is that these 2 are tied to different block chains that’s it so you have Namecoin

https://www.youtube.com/watch?v=2HNAaf6rIec

 

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 industrialized and you have a bit more services and features built around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but 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 obviously over time as like we have actually decentralized web host establish in time it will be possible to use like a decentralized domain and a decentralized webhosting to produce your own decentralized website presently it’s not truly possible i imply you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Have to spend ETH to claim domain.

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

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a need for it to be much easier for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into location, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually been successful significantly, as they have produced a domain system that enables users to set up payments for 276 digital assets under a single domain name, while also having the ability to be utilized as a completely working site that can even have actually dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe due to the fact that as soon as declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.

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

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary aspects, though it ought to be noted that purchasing a domain is a one-time cost and requires no annual renewals of any sort.

The very first factor is the expense 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 upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.

The next factor is the gas costs related to using the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend on the present cost of ETH and the network congestion at the time of the transaction. Overall 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 features of Unstoppable Domains that stand apart. The fact that it is a one-time purchase without any yearly renewal is extremely enticing thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone aside from the owner.

The domains also have more functionality than conventional domains since they can be used to a payment router, but likewise used to create websites with dApps constructed straight on them since they exist on the blockchain, allowing the use of smart agreements on your site. Namecoin

Possibly the very best and most appealing function of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 different crypto possessions, indicating once 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 much easier not only for you, but for anybody who you wish to get funds from.

https://www.youtube.com/watch?v=Zm6uZzZwLSg

 

Potential Dealbreakers.

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

This might just 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 fees. This is a one-time deal cost, and unless you decide to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.