Unstoppable domain names is a san francisco-based company…Unstoppable Domains Twitter… that is providing domain extensions that are tied to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is connected 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 name extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or consent you as the owner own your domain so in this video i wish to describe to you whatever that you need to know as a newbie about unstoppable domain make sure to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration actually work i think
individuals are going to be quite surprised that it’s method more technical and complicated than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i say i can license since you can’t get your domain straight from i can which is again the nonprofit company that manages the dns system you need to go through an icann certified domain name register in order to get a domain name which’s simply how it works like you resemble why do i have to do that i do not know why asking me those are just the guidelines which’s what individuals have actually been providing for the last few years in order to get a domain name so that’s why you require to pay a yearly cost on your domain because you’re not actually buying an owning domain what you’re doing is renting their domain 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 extension which is then absolutely handled 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 Twitter
is a verisign for instance so all these various domain extensions have different registries and the function of the registry is simply to handle the administrative data for that specific domain nft domain names versus the standard dns system what’s the distinction well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann accredited 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 particularly indicate a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item 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 discover that you can’t geta.com.net.org why well you can’t you ought to currently kind of know why since those are managed 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 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 primary distinction is that these 2 are tied to different block chains that’s it so you have Unstoppable Domains Twitter
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 features and services developed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain obviously in time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to create your own decentralized website presently it’s not truly possible i suggest you can do it however it’s pretty technical uh.
One-time purchase of domain.
Streamlines method which individuals communicate with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than conventional domains.
Supports 276 crypto assets.
Have to spend 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 current CEO, who saw a need 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 entered location, so users did not have to find out IP addresses in order to get to websites, except for crypto addresses.
In this way they have been successful greatly, as they have developed a domain system that enables users to establish payments for 276 digital properties under a single domain, while also being able to be utilized as a completely working website that can even have actually dApps developed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that when claimed the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.
It is twice as safe because this also suggests that the domain can not be obstructed by anybody aside from you, so your site is never at risk of being down due to censorship. The website for buying the domains is safe too and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two primary elements, though it ought to be kept in mind that buying a domain is a one-time cost and needs no annual renewals of any sort.
The very first element 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 expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.
The next factor is the gas charges connected with using the Ethereum blockchain to claim your domain, due to the fact that the domains are stored on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend upon the present expense of ETH and the network congestion at the time of the deal. Overall 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 functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no annual renewal is extremely enticing thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone aside from the owner.
The domains also have more functionality than conventional domains because they can be utilized to a payment router, however likewise used to develop sites with dApps developed directly on them since they exist on the blockchain, allowing the use of clever contracts on your website. Unstoppable Domains Twitter
Maybe the very best and most enticing feature of Unstoppable Domains is that is offers 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 established for each cryptocurrency. It is much easier not just for you, but for anybody who you want to get funds from.
There is only one genuine possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of declaring 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 need to buy 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 someone else it will be the extra fee associated with getting your domain.