Unstoppable Domains Presentation | Easy Crypto

Unstoppable domain names is a san francisco-based business…Unstoppable Domains Presentation… that is offering domain extensions that are connected to the blockchain instead of being connected 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 tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and run by icann so anything constantly needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just entirely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or consent you as the owner own your domain so in this video i wish to discuss to you whatever that you need to called a newbie about unstoppable domain make sure to examine the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration actually work i believe

individuals are going to be rather shocked that it’s method more technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i say i can certify since you can’t get your domain names directly from i can which is once again the not-for-profit company that manages the dns system you need to go through an icann licensed domain name register in order to get a domain and that’s just how it works like you resemble why do i need to do that i don’t know why asking me those are simply the guidelines and that’s what people have actually 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 due to the fact that you’re not in fact 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 registry that manages that domain name extension which is then totally managed and organized 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 Presentation

is a verisign for instance so all these different domain name extensions have various computer system registries and the role of the pc registry is simply to handle the administrative information for that particular domain name nft domain names versus the traditional dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change 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 an unique digital product in this instance 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 learn that you can’t geta.com.net.org why well you can’t you must currently type of know why because those are handled by verisign which is a domain name windows registry which is managed 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 today they only have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are connected to various block chains that’s it so you have Unstoppable Domains Presentation

 

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 features 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 tailored crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain certainly with time as like we have decentralized webhosting develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website presently it’s not really possible i suggest you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals communicate with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than conventional domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some concern as to whether Unstoppable Domains will attain 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 interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded considerably, as they have actually created a domain system that enables users to establish payments for 276 digital properties under a single domain name, while also being able to be used as a completely functioning site that can even have actually dApps built onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe since when declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.

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

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary aspects, though it ought to be noted that purchasing a domain is a one-time expense and needs 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 pick, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are exceptional domains that cost 10s of thousands.

The next aspect is the gas fees associated with using the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to claim 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 congestion 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 Best Functions of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no annual renewal is incredibly enticing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone besides the owner.

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

Possibly the very best and most appealing feature of Unstoppable Domains is that is provides you a method to have one address for you to get 276 various crypto assets, meaning when you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anybody who you wish to get funds from.

 

Potential Dealbreakers.

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

This may only be a dealbreaker due to the fact that 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 charges. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.