Purchase Namecoins | Easy Crypto

Unstoppable domain names is a san francisco-based business…Purchase Namecoins… that is providing domain name extensions that are tied 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 extensions is just that they are decentralized so the dns system is managed and operated by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that needs any kind of approval or approval you as the owner own your domain so in this video i want to explain to you whatever that you need to referred to as a newbie about unstoppable domain names make sure 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 actually work i think

people are going to be rather stunned that it’s method more complex and technical than you envisioned 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 say i can accredit because you can’t get your domain names directly from i can which is again the not-for-profit organization that handles the dns system you have to go through an icann licensed domain name register in order to get a domain which’s just how it works like you’re like why do i need to do that i do not understand why asking me those are simply 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 require to pay an annual fee on your domain due to the fact that you’re not actually purchasing an owning domain 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 computer system registry that manages that domain name extension which is then totally managed 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? Purchase Namecoins

is a verisign for example so all these different domain extensions have various computer registries and the role of the registry is just to manage the administrative data for that particular domain nft domain versus the conventional dns system what’s the distinction well the conventional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer registries then you have your icann accredited domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that particularly imply a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital item in this instance our domain names dot crypto versus dot zill what’s the distinction 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 need to already kind of understand why since those are handled by verisign which is a domain name pc 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 right now they just have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these two are tied to different block chains that’s it so you have Purchase Namecoins

 

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 features and services developed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain names certainly gradually as like we have decentralized web host develop with time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized site presently it’s not actually possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people connect with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than conventional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern as to 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 need for it to be much easier for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually succeeded considerably, as they have developed a domain system that enables users to set up payments for 276 digital properties under a single domain name, while also having the ability to be used as a totally working website that can even have actually dApps developed onto them because 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 very safe because once claimed the domains exist under your address on blockchain, indicating they are as protected as the blockchain itself.

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

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 main aspects, though it needs to be noted that acquiring a domain is a one-time expense and requires no annual renewals of any sort.

The very first aspect is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon 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 superior domains that cost tens of thousands.

The next aspect is the gas costs related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to declare them comes in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend on the current cost of ETH and the network congestion at the time of the deal. In general you can get most 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 incredibly enticing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone other than the owner.

The domains also have more functionality than conventional domains since they can be used to a payment router, however also used to develop sites with dApps constructed directly on them since they exist on the blockchain, allowing the use of clever agreements on your site. Purchase Namecoins

Maybe the very best and most attractive function of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 different crypto assets, implying as soon as you set it up you will only 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 anyone who you want to get funds from.

 

Possible Dealbreakers.

There is only one real prospective dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of declaring 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 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 deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.