Unstoppable Domains C’est Quoi | Easy Crypto

Unstoppable domain names is a san francisco-based business…Unstoppable Domains C’est Quoi… that is supplying domain extensions that are connected 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 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 simply that they are decentralized so the dns system is controlled and operated by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or approval you as the owner own your domain name so in this video i wish to describe to you everything that you need to referred to as a novice about unstoppable domain names ensure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration in fact work i believe

people are going to be quite shocked that it’s method more complicated and technical than you pictured 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 launching the domain name through a icann accredited domain name register why do i state i can license due to the fact that 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 certified domain register in order to get a domain name which’s just how it works like you resemble why do i have to do that i do not know why asking me those are just the guidelines and that’s what individuals have been providing for the last few decades in order to get a domain name so that’s why you require to pay a yearly fee on your domain names 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 name extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Unstoppable Domains C’est Quoi

is a verisign for instance so all these various domain extensions have various computer registries and the function of the computer registry is just to handle the administrative data for that specific domain nft domain versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain windows 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 change it but like what does that specifically suggest 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 distinction with these two so if you leap 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 need to currently kind of understand why because those are handled by verisign which is a domain registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain names 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 recording this video the main distinction is that these two are connected to different block chains that’s it so you have Unstoppable Domains C’est Quoi

 

your dot crypto which is tied 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 little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain name than you make 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 main function of unstoppable domain clearly in time as like we have decentralized webhosting develop in time it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized site currently it’s not truly possible i suggest you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals interact with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than conventional domains.

Supports 276 crypto assets.

Cons.

Have to invest ETH to claim domain.

Still some concern as to whether Unstoppable Domains will accomplish prevalent adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a need for it to be simpler for users to communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this manner they have succeeded greatly, as they have created a domain system that allows users to establish payments for 276 digital properties under a single domain, while likewise having the ability to be utilized as a fully working site that can even have actually dApps developed onto them since 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 because when declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.

It is twice as safe due to the fact that this likewise indicates that the domain can not be blocked by anyone other than you, so your site is never ever at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a two primary aspects, though it should be kept in mind that acquiring a domain is a one-time expense and requires no annual renewals of any sort.

The 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 pick, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.

The next factor is the gas charges related to using the Ethereum blockchain to declare your domain, since the domains are kept 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 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 very best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no yearly renewal is incredibly enticing thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone besides the owner.

The domains also have more functionality than conventional domains due to the fact that they can be used to a payment router, however also utilized to develop sites with dApps developed directly on them because they exist on the blockchain, allowing the use of clever contracts on your website. Unstoppable Domains C’est Quoi

Perhaps the very best and most attractive feature of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto properties, indicating as soon as you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not just for you, but for anyone who you want to receive funds from.

 

Possible Dealbreakers.

There is only one real possible dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of claiming your domain with Ethereum.

This may just be a dealbreaker because 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 fees. This is a one-time transaction charge, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.