What Is Namecoin | Easy Crypto

Unstoppable domain names is a san francisco-based business…What Is Namecoin… that is supplying domain extensions that are tied to the blockchain instead of being tied 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 connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and run by icann so anything always needs approval from that governing body but 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 type of approval or consent you as the owner own your domain name so in this video i want to discuss to you everything that you require to called a newbie about unstoppable domain names make sure 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 in fact work i think

individuals are going to be quite surprised that it’s method more complex and technical than you envisioned 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 certify because you can’t get your domain names directly from i can which is again the not-for-profit organization that manages the dns system you have to go through an icann accredited domain register in order to get a domain and that’s simply how it works like you resemble why do i have to do that i do not understand why asking me those are just the guidelines which’s what people have been providing for the last couple of decades in order to get a domain name so that’s why you require to pay an annual charge on your domain names because you’re not in fact 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 registry that handles that domain name extension which is then completely 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? What Is Namecoin

is a verisign for instance so all these various domain name extensions have various registries and the function of the windows registry is simply to manage the administrative data for that specific domain name nft domain 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 accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that particularly indicate a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital item in this instance our domain names dot crypto versus dot zill what’s the difference with these 2 so if you jump over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you must already type of know why due to the fact that those are managed by verisign which is a domain name windows registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain names you can only get blockchain based domain names today they just have a dot crypto in dot zo at the time of recording this video the primary distinction is that these two are connected to different block chains that’s it so you have What Is 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 industrialized and you have a bit more services and functions built around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain names undoubtedly with time as like we have actually decentralized web host develop over 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.

Pros.

One-time purchase of domain.

Simplifies method which people interact with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Have to spend ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will accomplish prevalent 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 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 succeeded greatly, as they have developed a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise being able to be utilized as a fully functioning site that can even have dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe since when declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.

It is doubly safe since this also implies that the domain can not be blocked by anyone besides you, so your website is never at risk of being down due to censorship. The website for acquiring 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 upon a 2 main aspects, though it needs to be kept in mind that buying a domain is a one-time cost and requires no annual renewals of any sort.

The first aspect is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you choose, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.

The next aspect is the gas charges connected with utilizing the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the transaction to declare them comes in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend on the present cost of ETH and the network blockage at the time of the transaction. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase with no annual renewal is exceptionally attractive thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone besides the owner.

The domains likewise have more performance than standard domains due to the fact that they can be utilized to a payment router, however also used to create sites with dApps developed directly on them because they exist on the blockchain, allowing the use of wise contracts on your site. What Is Namecoin

Perhaps the very best and most appealing function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto properties, suggesting when 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 easier not only for you, but for anybody who you wish to receive funds from.

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

 

Prospective Dealbreakers.

There is only one real potential dealbreaker when it pertains to using 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 purchase some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time transaction charge, and unless you choose to sell/transfer your domain to somebody else it will be the extra cost associated with getting your domain.