Unstoppable domain is a san francisco-based company…Turtle Namecoins… that is offering domain 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 tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or permission you as the owner own your domain name so in this video i wish to discuss to you everything that you require to referred to as a newbie about unstoppable domain make sure to examine the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain name registration actually work i think
people are going to be quite shocked that it’s method more technical and complicated than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re releasing the domain through a icann licensed domain name register why do i say i can accredit 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 have to go through an icann licensed domain 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 know why asking me those are just the rules which’s what individuals have actually been doing for the last couple of years in order to get a domain name so that’s why you need to pay an annual charge on your domain due to the fact that you’re not actually buying 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 computer registry that manages that domain name 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? Turtle Namecoins
is a verisign for example so all these different domain extensions have various registries and the function of the registry is simply to handle the administrative information for that specific domain nft domain versus the standard dns system what’s the difference well the traditional dns system is a central 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 certified domain name 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 specifically imply a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital item in this instance our domain dot crypto versus dot zill what’s the distinction with these 2 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 currently type of understand why due to the fact that 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 types of domain names through unstoppable domain names you can only get blockchain based domain right now they only have a dot crypto in dot zo at the time of recording this video the primary distinction is that these 2 are tied to different block chains that’s it so you have Turtle Namecoins
your dot crypto which is tied 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 however functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain obviously over time as like we have actually decentralized webhosting establish with time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized website currently it’s not actually possible i indicate you can do it but it’s quite technical uh.
One-time purchase of domain.
Streamlines way in which individuals interact with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than conventional domains.
Supports 276 crypto properties.
Need to invest ETH to claim domain.
Still some concern as to whether Unstoppable Domains will achieve 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 interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.
In this manner they have actually prospered greatly, as they have actually produced a domain system that permits users to set up payments for 276 digital assets under a single domain name, while also being able to be used as a completely working website that can even have dApps built onto them due to the fact that 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 since once claimed the domains exist under your address on blockchain, implying they are as safe and secure as the blockchain itself.
It is two times as safe because this also indicates that the domain can not be blocked by anyone aside from you, so your website is never at risk of being down due to censorship. The website for buying the domains is safe as well and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 main factors, though it should be noted that acquiring a domain is a one-time cost and requires no annual renewals of any sort.
The first aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on 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 extra. In addition, there are superior domains that cost tens of thousands.
The next factor is the gas fees associated with using the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the deal to declare them comes in ETH and is not consisted of in your preliminary purchase. The gas fees you will pay will depend on the current expense of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Functions of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any annual renewal is extremely enticing thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, meaning 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 used to produce sites with dApps built straight on them because they exist on the blockchain, allowing the use of smart agreements on your site. Turtle Namecoins
Possibly the very best and most attractive function of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 various crypto possessions, indicating when 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 just for you, but for anybody who you want to receive funds from.
There is only one genuine prospective dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense 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 charges. This is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.