Unstoppable domain is a san francisco-based company…Unstoppable Crypto Domain… that is providing domain extensions that are tied to the blockchain instead of being tied to the dns system specifically you can get a dot crypto which is connected 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 benefit of using these blockchain based domain name 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 however something like a dot crypto or zillow these are based upon the blockchain and they are just entirely 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 discuss to you everything that you require to know 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 in fact work i think
people are going to be quite shocked that it’s method more technical and complex 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 through a icann licensed domain name register why do i state i can certify due to the fact that you can’t get your domain names directly from i can which is once again the nonprofit company that handles the dns system you have to go through an icann accredited domain register in order to get a domain name which’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 guidelines and that’s what individuals have actually been doing for the last few years in order to get a domain so that’s why you need to pay an annual cost on your domain names since 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 handles that domain name extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension
Is unstoppable domains on Ethereum? Unstoppable Crypto Domain
is a verisign for instance so all these various domain name extensions have various computer system registries and the role of the registry is simply to manage the administrative data for that particular domain name nft domain versus the conventional dns system what’s the distinction well the standard dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain 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 an unique digital product 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 must already kind of understand why due to the fact that those are handled by verisign which is a domain name computer system 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 only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these 2 are connected to different block chains that’s it so you have Unstoppable Crypto Domain
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 name than you do with a dot zill but functionally speaking they are the same tailored crypto addresses that can be set up as a payment entrance so this is the primary feature of unstoppable domain names clearly gradually as like we have decentralized web host establish gradually it will be possible to use like a decentralized domain and a decentralized web host to create your own decentralized site currently it’s not truly possible i mean you can do it however it’s quite technical uh.
One-time purchase of domain.
Simplifies method which people connect with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than standard domains.
Supports 276 crypto properties.
Need to invest 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 current CEO, who saw a requirement for it to be much easier for users to communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to discover IP addresses in order to get to sites, except for crypto addresses.
In this manner they have prospered significantly, as they have produced a domain system that enables users to set up payments for 276 digital properties under a single domain, while also being able to be utilized as a totally functioning website that can even have actually dApps developed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe due to the fact that once claimed the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.
It is doubly safe since this also suggests that the domain can not be blocked by anybody other than you, so your website 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.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two main aspects, though it must be kept in mind that acquiring a domain is a one-time cost and needs no yearly 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 upon the domain you choose, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.
The next element is the gas costs associated with utilizing the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend upon the existing expense 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 few features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any annual renewal is incredibly enticing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone besides the owner.
The domains likewise have more performance than traditional domains because they can be utilized to a payment router, however likewise utilized to create websites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your site. Unstoppable Crypto Domain
Perhaps the best and most enticing function of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto assets, suggesting once you set it up you will only 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 only for you, but for anybody who you wish to receive funds from.
There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, which is the cost 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 purchase some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.