Unstoppable Domains Matic | Easy Crypto

Unstoppable domain is a san francisco-based business…Unstoppable Domains Matic… that is providing domain extensions that are tied 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 name 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 simply that they are decentralized so the dns system is managed and run by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that requires any type of approval or permission you as the owner own your domain name so in this video i wish to explain to you whatever that you need to called a beginner about unstoppable domain names ensure to check the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration actually work i believe

people are going to be rather stunned that it’s method more technical and complex than you imagined so when you go to somewhere 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 need 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 have to do that i don’t understand why asking me those are just the guidelines which’s what individuals have been doing for the last few years in order to get a domain so that’s why you require to pay a yearly charge on your domain due to the fact that you’re not in fact buying 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 extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension

Is unstoppable domains on Ethereum? Unstoppable Domains Matic

is a verisign for instance so all these various domain name extensions have different pc registries and the role of the registry is just to manage the administrative information for that specific domain nft domain versus the conventional dns system what’s the distinction well the standard dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that particularly mean a non-fungible token is simply a piece of information found 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 two 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 ought to already sort of understand why since those are handled by verisign which is a domain name pc 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 names right now they only have a dot crypto in dot zo at the time of recording this video the primary distinction is that these two are connected to various block chains that’s it so you have Unstoppable Domains Matic

 

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 functions and services developed 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 customized crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain names certainly gradually as like we have actually decentralized webhosting develop over time it will be possible to utilize like a decentralized domain and a decentralized webhosting to create your own decentralized site currently it’s not actually possible i indicate you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals communicate with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to spend ETH to claim domain.

Still some question regarding 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 easier for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually prospered considerably, as they have actually produced a domain system that permits users to set up payments for 276 digital properties under a single domain, while likewise being able to be used as a fully operating website 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 charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since once declared the domains exist under your address on blockchain, implying they are as safe and secure as the blockchain itself.

It is doubly safe due to the fact that this also means that the domain can not be blocked by anybody aside from you, so your site is never ever at risk of being down due to censorship. The website for acquiring the domains is safe also and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two main elements, though it must be kept in mind that purchasing a domain is a one-time expense and needs no yearly renewals of any sort.

The very first aspect is the cost of the domain itself, this can vary 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 example), and the length of the domain, with much shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.

The next factor is the gas costs connected with using the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the transaction to declare them comes in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the present cost of ETH and the network congestion at the time of the deal. Overall 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 couple of features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any yearly renewal is very 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 likewise have more performance than conventional domains due to the fact that they can be utilized to a payment router, however also utilized to create sites with dApps built directly on them since they exist on the blockchain, allowing the use of clever agreements on your site. Unstoppable Domains Matic

Possibly the best and most attractive feature of Unstoppable Domains is that is offers you a method to have one address for you to get 276 various crypto possessions, indicating as soon as 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 just for you, but for anyone who you want to get funds from.

 

Possible Dealbreakers.

There is only one real potential dealbreaker when it comes to utilizing Unstoppable Domains, which is the expense of declaring your domain with Ethereum.

This may just be a dealbreaker because you do not have any Ethereum at your address and require to acquire some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time transaction fee, and unless you choose to sell/transfer your domain to another person it will be the extra cost related to getting your domain.