Nft Domain Sold | Easy Crypto

Unstoppable domain is a san francisco-based company…Nft Domain Sold… that is offering domain name extensions that are tied 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 extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything always requires approval from that governing body but 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 nothing that needs any type of approval or consent you as the owner own your domain name so in this video i want to describe to you whatever that you require to called a beginner about unstoppable domain make sure to examine the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration actually work i believe

people are going to be quite shocked that it’s way more complicated and technical than you pictured 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 releasing the domain name through a icann licensed domain name register why do i say i can certify because you can’t get your domain directly from i can which is again the nonprofit company that manages the dns system you need to go through an icann accredited domain name register in order to get a domain and that’s just how it works like you resemble why do i need to do that i do not understand why asking me those are just the guidelines which’s what people have been doing for the last couple of decades in order to get a domain so that’s why you need to pay an annual fee on your domain names since you’re not actually purchasing 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 system registry that manages that domain extension which is then completely managed and arranged by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Nft Domain Sold

is a verisign for instance so all these different domain extensions have various pc registries and the role of the pc registry is just to manage the administrative information for that particular domain nft domain versus the standard dns system what’s the distinction 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 pc registries then you have your icann licensed domain 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 imply a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain names dot crypto versus dot zill what’s the difference with these 2 so if you jump 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 ought to already type of know why since those are managed by verisign which is a domain registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can just get blockchain based domain today they only have a dot crypto in dot zo at the time of recording this video the primary distinction is that these two are connected to different block chains that’s it so you have Nft Domain Sold

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 developed and you have a little bit more services and functions developed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment entrance so this is the primary feature of unstoppable domain names certainly in time as like we have actually decentralized web host establish with time it will be possible to use like a decentralized domain name and a decentralized webhosting to produce your own decentralized site presently it’s not truly possible i mean you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people engage with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish 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 need for it to be simpler for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into place, 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 succeeded greatly, as they have actually developed a domain system that permits users to set up payments for 276 digital assets under a single domain, while likewise having the ability to be used as a fully working site that can even have dApps developed onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

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

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

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 main factors, though it needs to be noted that acquiring a domain is a one-time expense and needs 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 upon the domain you select, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.

The next aspect is the gas costs associated with using the Ethereum blockchain to claim your domain, since the domains are kept on the Ethereum blockchain, the deal to claim 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 expense of ETH and the network blockage at the time of the transaction. 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 functions of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no yearly renewal is very appealing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody besides the owner.

The domains also have more performance than conventional domains since they can be utilized to a payment router, however likewise utilized to create sites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your site. Nft Domain Sold

Possibly the very best and most appealing feature of Unstoppable Domains is that is provides you a way to have one address for you to get 276 different crypto possessions, meaning when 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 just for you, but for anyone who you wish to receive funds from.

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

 

Possible Dealbreakers.

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

This may just be a dealbreaker since 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 think it is unreasonable to pay the gas fees. This is a one-time deal cost, and unless you choose to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.