Trezor Namecoin | Easy Crypto

Unstoppable domain names is a san francisco-based company…Trezor Namecoin… that is supplying domain extensions that are tied to the blockchain instead of being tied to the dns system particularly you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain name 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 controlled and run 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 just completely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or approval you as the owner own your domain name so in this video i want to describe to you whatever that you need to know as a novice about unstoppable domain make certain 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 in fact work i think

individuals are going to be quite shocked that it’s way more complex and technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re releasing the domain through a icann accredited domain name register why do i state i can accredit since you can’t get your domain straight from i can which is once again the nonprofit organization that handles the dns system you need to go through an icann certified 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 do not understand why asking me those are just the rules which’s what people have been doing for the last few decades in order to get a domain so that’s why you require to pay an annual cost on your domain because you’re not actually purchasing an owning domain name 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 windows registry that handles that domain extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Trezor Namecoin

is a verisign for instance so all these various domain extensions have various computer registries and the function of the pc registry is simply to handle the administrative information for that specific domain name nft domain versus the standard dns system what’s the distinction well the standard dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain pc 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 but like what does that specifically mean 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 circumstances 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 need to already type of know why because those are handled by verisign which is a domain name pc registry which is handled by icann that belongs to 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 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 Trezor Namecoin

 

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 services and features developed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however functionally speaking they are the same customized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain obviously over time as like we have actually decentralized web host develop over time it will be possible to use like a decentralized domain name and a decentralized webhosting to produce your own decentralized website currently it’s not actually possible i indicate you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people communicate with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

Still some concern as to whether Unstoppable Domains will attain 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 requirement for it to be easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.

In this manner they have prospered greatly, as they have produced a domain system that permits users to set up payments for 276 digital properties under a single domain, while also having the ability to be utilized as a fully working website that can even have actually dApps constructed 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 interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is twice as safe because this also suggests 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 website for acquiring the domains is safe also and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 main elements, though it should be noted that buying a domain is a one-time cost and needs no yearly renewals of any sort.

The first factor is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.

The next aspect is the gas fees connected with utilizing the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the deal to claim them can be found in ETH and is not included 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. In general 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 out. The truth that it is a one-time purchase without any yearly renewal is exceptionally enticing thinking about the way conventional 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 standard domains due to the fact that they can be utilized to a payment router, but likewise utilized to produce sites with dApps developed directly on them because they exist on the blockchain, allowing the use of wise agreements on your site. Trezor Namecoin

Maybe the best and most attractive function of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 different crypto properties, indicating as soon as you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not just for you, but for anybody who you want to get funds from.

 

Possible Dealbreakers.

There is only one real possible dealbreaker when it concerns using Unstoppable Domains, and that is the expense 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 think it is unreasonable to pay the gas costs. This is a one-time deal charge, and unless you decide to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.