Use Bitcoin Domain Name | Easy Crypto

Unstoppable domain names is a san francisco-based company…Use Bitcoin Domain Name… that is offering domain extensions that are tied 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 name extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything constantly requires 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 so in this video i wish to explain to you whatever that you need to referred to as a novice about unstoppable domain make sure 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 think

people are going to be quite surprised that it’s method 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 certified domain name register why do i state i can certify because you can’t get your domain straight from i can which is once again the nonprofit company that handles the dns system you need to go through an icann certified domain register in order to get a domain name and that’s simply how it works like you resemble why do i need to do that i do not know why asking me those are simply the guidelines which’s what people have been providing for the last couple of years in order to get a domain so that’s why you require to pay a yearly cost on your domain names since you’re not actually purchasing an owning domain name 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 handles that domain extension which is then totally 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? Use Bitcoin Domain Name

is a verisign for example so all these different domain name extensions have different registries and the function of the pc registry is simply to manage the administrative information for that specific domain name nft domain names versus the conventional dns system what’s the difference well the conventional dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain registries then you have your icann certified domain name 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 imply a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital item in this instance our domain names dot crypto versus dot zill what’s the difference with these two so if you jump 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 must already kind of know why because those are managed by verisign which is a domain computer system registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these 2 are connected to different block chains that’s it so you have Use Bitcoin Domain Name

 

your dot crypto which is connected to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more developed and you have a little bit more services and features developed 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 main feature of unstoppable domain names undoubtedly over time as like we have decentralized webhosting develop over time it will be possible to use like a decentralized domain name and a decentralized webhosting to produce your own decentralized site presently it’s not truly possible i imply you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals interact with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Have to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement for it to be much easier for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to discover IP addresses in order to get to sites, except for crypto addresses.

In this manner they have prospered significantly, as they have actually produced a domain system that enables users to establish payments for 276 digital assets under a single domain name, while also being able to be utilized as a fully operating website that can even have dApps built onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe due to the fact that as soon as declared the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.

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

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 primary aspects, though it ought to be kept in mind that purchasing a domain is a one-time expense and requires no annual renewals of any sort.

The first element is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you pick, as cost is based on 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 10s of thousands.

The next aspect is the gas costs associated with utilizing the Ethereum blockchain to declare your domain, because the domains are kept 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 fees you will pay will depend upon the current 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 very best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stick out. The reality that it is a one-time purchase without any annual renewal is very enticing considering the method conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody besides the owner.

The domains likewise have more functionality than standard domains due to the fact that they can be utilized to a payment router, but likewise utilized to produce sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Use Bitcoin Domain Name

Maybe the very best and most enticing feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto possessions, suggesting as soon as you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not only for you, but for anyone who you wish to get funds from.

 

Potential Dealbreakers.

There is only one real possible dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.

This may just be a dealbreaker since you do not have any Ethereum at your address and need to buy some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas charges. However, this is a one-time transaction charge, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge connected with getting your domain.