Vincent Durham Namecoin | Easy Crypto

Unstoppable domain names is a san francisco-based company…Vincent Durham Namecoin… that is supplying domain name 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 extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon 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 permission you as the owner own your domain name so in this video i want to explain to you everything that you require to know as a beginner 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 begin how does domain registration really work i think

individuals are going to be rather stunned that it’s way more technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re launching the domain name through a icann licensed domain register why do i say i can license since you can’t get your domain directly from i can which is again the not-for-profit organization that handles the dns system you need to go through an icann certified domain name register in order to get a domain name which’s just how it works like you’re like why do i need to do that i don’t understand why asking me those are simply the rules and that’s what people have been doing for the last few years in order to get a domain name so that’s why you require to pay an annual charge on your domain since you’re not actually buying 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 computer system registry that manages that domain extension which is then totally managed and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Vincent Durham Namecoin

is a verisign for example so all these different domain name extensions have different computer registries and the function of the registry is simply to manage the administrative information for that specific domain name nft domain versus the traditional dns system what’s the difference well the standard dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain windows 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 specifically imply a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this instance 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 learn that you can’t geta.com.net.org why well you can’t you ought to already kind of understand why because those are handled by verisign which is a domain pc registry which is managed by icann that’s part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can just get blockchain based domain today they just have a dot crypto in dot zo at the time of taping this video the primary difference is that these 2 are tied to various block chains that’s it so you have Vincent Durham Namecoin

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

 

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 bit more services and functions constructed around uh at the ethereum blockchain with a dot crypto domain than you do 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 primary feature of unstoppable domain obviously gradually as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to produce your own decentralized website currently it’s not truly possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people communicate with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than standard domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will accomplish widespread 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 easier for users to interact with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered 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 actually succeeded significantly, as they have created a domain system that allows users to set up payments for 276 digital assets under a single domain name, while also being able to be used as a fully working website that can even have dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since as soon as claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.

It is twice as safe because this likewise indicates 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 acquiring 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 on a two primary elements, though it should be noted that purchasing a domain is a one-time cost and needs no yearly renewals of any sort.

The very first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next element is the gas fees related to utilizing the Ethereum blockchain to claim your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to claim them can be found in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend upon the current cost 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 overall.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stick out. The fact that it is a one-time purchase without any annual renewal is incredibly attractive thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody besides the owner.

The domains also have more performance than conventional domains because they can be used to a payment router, but also used to develop sites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Vincent Durham Namecoin

Perhaps the best and most appealing function of Unstoppable Domains is that is provides you a way to have one address for you to get 276 different crypto assets, implying once you set it up you will only ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anyone who you wish to receive funds from.

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

 

Prospective Dealbreakers.

There is only one genuine potential dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost 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 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. However, this is a one-time transaction cost, and unless you choose to sell/transfer your domain to another person it will be the extra charge associated with getting your domain.