Unstoppable domain names is a san francisco-based company…Total Number Of Namecoin Available… 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 extension which is tied to the silica blockchain which is an alternative to ethereum the benefit 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 constantly requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply completely 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 name so in this video i wish to discuss to you everything that you need to know as a beginner about unstoppable domain names make sure to examine 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 rather shocked that it’s way more complicated and technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re launching the domain through a icann certified domain register why do i state i can accredit because you can’t get your domain names straight from i can which is once 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 name and that’s just how it works like you’re like why do i need to do that i don’t know why asking me those are simply the guidelines which’s what individuals have been providing for the last few years in order to get a domain name so that’s why you require to pay a yearly fee on your domain due to the fact that you’re not actually buying an owning domain what you’re doing is renting 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 handles that domain extension which is then totally handled 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? Total Number Of Namecoin Available
is a verisign for example so all these different domain name extensions have different registries and the role of the computer registry is just to manage 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 centralized system as i alluded to earlier based around icann so you have actually icann you have your domain computer system 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 alter it however like what does that specifically mean 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 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 discover that you can’t geta.com.net.org why well you can’t you must already kind of understand why because those are managed by verisign which is a domain name pc registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain names you can just get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are tied to various block chains that’s it so you have Total Number Of Namecoin Available
your dot crypto which is connected 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 functions and services built around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill however functionally speaking they are the same individualized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain clearly with time as like we have decentralized web host establish over time it will be possible to use like a decentralized domain and a decentralized web host to create your own decentralized website presently it’s not actually possible i suggest you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which people interact with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than standard domains.
Supports 276 crypto properties.
Need to invest ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will accomplish prevalent adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a need for it to be much easier for users to connect 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 learn IP addresses in order to get to sites, except for crypto addresses.
In this way they have been successful greatly, as they have created a domain system that enables users to establish payments for 276 digital assets under a single domain, while likewise having the ability to be used as a totally operating website that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an interesting 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, meaning they are as safe and secure as the blockchain itself.
It is doubly safe due to the fact that this also implies that the domain can not be obstructed by anyone aside from you, so your site is never at risk of being down due to censorship. The site for acquiring the domains is safe too and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a two primary elements, though it should be noted that buying a domain is a one-time cost and requires no annual renewals of any sort.
The very first factor is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you choose, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.
The next element is the gas charges associated with 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 is available in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the existing 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 very best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any annual renewal is exceptionally enticing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.
The domains also have more performance than standard domains because they can be used to a payment router, but also used to produce websites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your site. Total Number Of Namecoin Available
Possibly the very best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto assets, suggesting when you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anybody who you want to get funds from.
There is only one genuine potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.
This might only be a dealbreaker since you do not have any Ethereum at your address and need to purchase some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. Nevertheless, this is a one-time transaction fee, and unless you choose to sell/transfer your domain to another person it will be the additional charge connected with getting your domain.