Unstoppable Domains Ens | Easy Crypto

Unstoppable domain names is a san francisco-based company…Unstoppable Domains Ens… that is providing domain name extensions that are connected to the blockchain instead of being tied 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 connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name extensions is just that they are decentralized so the dns system is managed and run 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 entirely decentralized so there’s no governing body there’s nothing that requires any type of approval or authorization you as the owner own your domain so in this video i want to discuss to you everything that you require to referred to as a novice about unstoppable domain names make certain to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration in fact work i believe

people are going to be rather stunned that it’s way more technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain name what you’re doing is you’re launching the domain name through a icann accredited 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 nonprofit organization that manages 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 rules and that’s what people have actually been doing for the last few years in order to get a domain so that’s why you require to pay an annual cost on your domain since you’re not really purchasing 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 system registry that handles that domain name extension which is then absolutely 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? Unstoppable Domains Ens

is a verisign for instance so all these different domain name extensions have various pc registries and the function of the pc registry is just to handle the administrative information for that particular domain nft domain versus the traditional dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it but like what does that particularly mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital item in this instance our domain names dot crypto versus dot zill what’s the distinction with these 2 so if you jump 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 understand why since those are managed by verisign which is a domain computer system registry which is handled by icann that becomes part of 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 recording this video the main difference is that these two are connected to various block chains that’s it so you have Unstoppable Domains Ens

 

your dot crypto which is connected to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more industrialized and you have a little bit more services and features built around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain clearly over time as like we have actually decentralized web host develop over time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized site presently it’s not really possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals interact with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than conventional domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some question as to whether Unstoppable Domains will achieve widespread adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be much easier for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded greatly, as they have developed a domain system that enables users to set up payments for 276 digital properties under a single domain, while also having the ability to be used as a fully working website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe since as soon as declared the domains exist under your address on blockchain, meaning they are as protected as the blockchain itself.

It is twice as safe because this also suggests that the domain can not be obstructed by anybody besides you, so your website is never ever at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary aspects, though it needs to be noted that purchasing 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 vary from $20 USD to well over $1000 USD depending upon the domain you choose, as expense is based on 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 10s of thousands.

The next aspect is the gas charges connected with utilizing the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the transaction to claim them is available in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend upon the present expense of ETH and the network blockage at the time of the transaction. In general you can get most 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 couple of functions of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no annual 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 anybody besides the owner.

The domains also have more performance than traditional domains because they can be utilized to a payment router, but likewise used to create sites with dApps constructed straight on them since they exist on the blockchain, allowing the use of clever agreements on your site. Unstoppable Domains Ens

Maybe the best and most appealing function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto assets, indicating when you set it up you will only ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anyone who you wish to receive funds from.

 

Prospective Dealbreakers.

There is only one genuine prospective dealbreaker when it pertains to using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.

This might just be a dealbreaker because you do not have any Ethereum at your address and require to purchase some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. Nevertheless, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the additional fee related to getting your domain.