Unstoppable Domains Use Cases | Easy Crypto

Unstoppable domain names is a san francisco-based company…Unstoppable Domains Use Cases… that is offering 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 connected 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 benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is controlled 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 simply completely decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or approval you as the owner own your domain so in this video i want to describe to you whatever that you need to referred to as a novice about unstoppable domain ensure to inspect the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration in fact work i believe

individuals are going to be rather shocked that it’s way more technical and complicated than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re releasing the domain through a icann accredited domain register why do i say i can accredit because you can’t get your domain directly from i can which is again the nonprofit organization 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’re like why do i have to do that i don’t know why asking me those are just the rules which’s what people have been doing for the last couple of years in order to get a domain name so that’s why you require to pay a yearly fee 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 name so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the pc registry that handles that domain extension which is then completely handled and organized 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 Use Cases

is a verisign for instance so all these various domain extensions have various computer system registries and the function of the windows registry is simply to handle the administrative information for that particular domain name nft domain names versus the standard 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 actually icann you have your domain computer system 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 change it however 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 a special digital item in this circumstances our domain dot crypto versus dot zill what’s the difference 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 know why since those are handled by verisign which is a domain name registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain right now they just 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 Use Cases

 

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 developed and you have a little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the primary feature of unstoppable domain clearly 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 produce your own decentralized site currently it’s not truly possible i imply you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals engage with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than standard domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some concern as to whether Unstoppable Domains will achieve prevalent adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be simpler for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually succeeded greatly, as they have actually produced a domain system that enables users to set up payments for 276 digital possessions under a single domain name, while also having the ability to be utilized as a totally functioning website that can even have actually dApps built onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe because once declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is twice as safe since this likewise implies that the domain can not be blocked by anyone besides you, so your website is never ever at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 primary elements, though it must be kept in mind that buying a domain is a one-time expense and needs no yearly renewals of any sort.

The very first factor is the cost of the domain itself, this can range 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 shorter domains costing additional. In addition, there are premium domains that cost 10s of thousands.

The next element is the gas charges connected with using the Ethereum blockchain to declare your domain, due to the fact that the domains are saved on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend upon the present 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 total.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no yearly renewal is exceptionally enticing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone besides the owner.

The domains likewise have more functionality than conventional domains since they can be used to a payment router, however likewise used to develop sites with dApps developed directly on them because they exist on the blockchain, allowing the use of wise contracts on your website. Unstoppable Domains Use Cases

Perhaps the best and most appealing function of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 various crypto possessions, meaning as soon as 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 only for you, but for anyone who you want to receive funds from.

 

Possible Dealbreakers.

There is only one real possible dealbreaker when it comes to using 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 declare your domain, or if for some reason you believe it is unreasonable to pay the gas charges. This is a one-time transaction fee, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.