Unstoppable Domains On Ledger | Easy Crypto

Unstoppable domain is a san francisco-based business…Unstoppable Domains On Ledger… 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 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 extensions is just that they are decentralized so the dns system is managed and run by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just entirely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or permission you as the owner own your domain name so in this video i wish to discuss to you whatever that you need to called a newbie about unstoppable domain make sure 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 in fact work i believe

individuals are going to be quite shocked that it’s way more complicated and technical than you envisioned 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 licensed domain register why do i say i can license since you can’t get your domain names straight from i can which is again the nonprofit company that handles the dns system you have to go through an icann accredited domain name register in order to get a domain name and that’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 simply the rules and that’s what individuals have actually been providing for the last couple of decades in order to get a domain name so that’s why you need to pay an annual cost on your domain names due to the fact that you’re not really purchasing an owning domain what you’re doing is leasing their domain 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 computer registry for that extension

Is unstoppable domains on Ethereum? Unstoppable Domains On Ledger

is a verisign for example so all these different domain name extensions have various registries and the function of the computer registry is just to handle the administrative data for that specific domain name nft domain versus the standard dns system what’s the difference well the standard dns system is a centralized system as i alluded to 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 change it however like what does that specifically suggest a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a distinct digital product in this instance our domain dot crypto versus dot zill what’s the distinction with these two 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 ought to already sort of understand why due to the fact that those are managed by verisign which is a domain name windows registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can just get blockchain based domain right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these two are tied to different block chains that’s it so you have Unstoppable Domains On Ledger

 

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 industrialized and you have a little bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same individualized crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain names undoubtedly with time as like we have decentralized webhosting develop gradually it will be possible to use like a decentralized domain and a decentralized webhosting to create your own decentralized website presently it’s not truly possible i indicate you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish widespread adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a requirement for it to be much easier for users to interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, 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 prospered greatly, as they have actually created a domain system that allows users to establish payments for 276 digital assets under a single domain, while likewise being able to be utilized as a completely operating website that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe since when declared the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.

It is doubly safe because this likewise means that the domain can not be blocked by anybody other than you, so your site is never ever at risk of being down due to censorship. The website for purchasing the domains is safe too and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 main factors, though it must be noted that acquiring a domain is a one-time cost and needs no annual renewals of any sort.

The very first factor is the cost 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 upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas charges related to using the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the deal to declare them can be found in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend upon the existing 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 overall.

What Are the very best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase with no annual renewal is extremely attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone aside from the owner.

The domains likewise have more functionality than traditional domains due to the fact that they can be utilized to a payment router, but likewise used to develop sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your website. Unstoppable Domains On Ledger

Perhaps the best and most enticing feature of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 various crypto assets, suggesting when you set it up you will just ever need to understand 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 real possible dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This might only be a dealbreaker since 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 think it is unreasonable to pay the gas costs. This is a one-time deal cost, and unless you choose to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.