Unstoppable Domains Reno | Easy Crypto

Unstoppable domain is a san francisco-based company…Unstoppable Domains Reno… that is providing domain extensions that are connected to the blockchain instead of being tied 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 simply that they are decentralized so the dns system is controlled and operated by icann so anything always needs approval from that governing body however 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 permission you as the owner own your domain name so in this video i wish to explain to you everything that you require to referred to as a newbie about unstoppable domain names make certain to inspect the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration in fact work i think

individuals are going to be rather stunned that it’s method more complicated and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain name through a icann certified domain name register why do i state i can accredit because you can’t get your domain directly from i can which is once again the nonprofit company that manages the dns system you need 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 understand why asking me those are just the guidelines which’s what individuals have been providing for the last few decades in order to get a domain name so that’s why you require to pay an annual fee on your domain names since you’re not actually buying 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 computer registry that handles that domain extension which is then absolutely handled and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? Unstoppable Domains Reno

is a verisign for instance so all these various domain extensions have different registries and the function of the computer registry is just to handle the administrative information for that particular domain name nft domain names versus the traditional dns system what’s the difference well the traditional 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 certified domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that specifically indicate 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 need to currently sort of understand why since those are managed by verisign which is a domain name 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 just get blockchain based domain names today they only have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these 2 are tied to various block chains that’s it so you have Unstoppable Domains Reno

https://www.youtube.com/watch?v=2HNAaf6rIec

 

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 bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same tailored crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain names certainly in time as like we have actually decentralized webhosting establish in time it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop 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 method which people connect with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to invest ETH to claim domain.

Still some concern 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 much easier for users to communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have succeeded significantly, as they have developed a domain system that enables users to establish payments for 276 digital possessions under a single domain name, while likewise having the ability to be utilized as a completely functioning website that can even have actually dApps developed onto them because the domain is hosted on the blockchain. With no yearly 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 as soon as declared the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.

It is twice as safe because this also means that the domain can not be obstructed by anyone aside from you, so your website is never at risk of being down due to censorship. The website for purchasing the domains is safe as well and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 main aspects, though it must be kept in mind that purchasing a domain is a one-time cost and requires no yearly 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 choose, as expense is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next aspect is the gas costs connected with utilizing the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your initial purchase. The gas costs you will pay will depend upon the present expense of ETH and the network blockage at the time of the deal. Overall 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 few features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no yearly renewal is incredibly enticing considering the way conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone besides the owner.

The domains also have more functionality than traditional domains due to the fact that they can be utilized to a payment router, however likewise used to create sites with dApps constructed directly on them since they exist on the blockchain, allowing the use of clever agreements on your website. Unstoppable Domains Reno

Possibly the best and most enticing function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto assets, implying 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 much easier not just for you, but for anyone who you want to get funds from.

https://www.youtube.com/watch?v=Zm6uZzZwLSg

 

Possible Dealbreakers.

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

This may just be a dealbreaker because 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 costs. This is a one-time transaction fee, and unless you decide to sell/transfer your domain to somebody else it will be the additional cost associated with getting your domain.