Unstoppable Domains Ledger | Easy Crypto

Unstoppable domain names is a san francisco-based business…Unstoppable Domains Ledger… that is supplying domain name extensions that are connected to the blockchain instead of being connected 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 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 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 requires any kind of approval or permission you as the owner own your domain so in this video i want to discuss to you everything that you require to called a novice about unstoppable domain names ensure to examine the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration actually work i believe

people are going to be rather 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 name what you’re doing is you’re launching the domain through a icann certified domain name register why do i say i can license because you can’t get your domain names straight from i can which is once again the nonprofit organization that handles the dns system you have to go through an icann accredited domain register in order to get a domain which’s just how it works like you resemble why do i have to do that i don’t know why asking me those are simply the rules and that’s what people have been doing for the last couple of years in order to get a domain so that’s why you need to pay an annual cost on your domain because you’re not actually purchasing an owning domain 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 absolutely 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 Ledger

is a verisign for example so all these various domain name extensions have various computer system registries and the function of the windows registry is simply to handle the administrative data for that particular domain name nft domain names 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 registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that particularly suggest a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents a special digital product in this circumstances 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 find out that you can’t geta.com.net.org why well you can’t you must currently sort of know why since those are managed by verisign which is a domain computer system registry which is managed by icann that belongs to 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 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 different block chains that’s it so you have Unstoppable Domains Ledger

 

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 developed and you have a bit more services and functions constructed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain names obviously with time as like we have decentralized webhosting establish in time it will be possible to use like a decentralized domain name and a decentralized webhosting to produce your own decentralized site presently it’s not truly possible i mean you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people communicate with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than standard domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current 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 into place, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually succeeded greatly, as they have actually produced a domain system that permits users to establish payments for 276 digital assets under a single domain, while also being able to be utilized as a totally operating website that can even have dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe because as soon as claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.

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

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 primary elements, though it should be noted that purchasing a domain is a one-time expense and requires no annual 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 on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.

The next element is the gas charges related to utilizing the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the transaction to declare them comes in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the current cost of ETH and the network congestion 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 Functions of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no yearly renewal is exceptionally attractive thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody other than the owner.

The domains also have more functionality than standard domains due to the fact that they can be utilized to a payment router, but likewise utilized to develop sites 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 Domains Ledger

Maybe the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto properties, implying once you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not only for you, but for anybody who you wish to get funds from.

 

Potential Dealbreakers.

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

This may just be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas charges. This is a one-time deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.