Who Purchased Crypto Dot Com Domain Name | Easy Crypto

Unstoppable domain names is a san francisco-based company…Who Purchased Crypto Dot Com Domain Name… that is supplying domain name extensions that are tied to the blockchain instead of being tied to the dns system specifically 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 extensions is simply that they are decentralized so the dns system is managed and run by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or consent you as the owner own your domain name so in this video i want to discuss to you whatever that you need to referred to as a beginner about unstoppable domain make certain to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration actually work i think

individuals are going to be rather stunned that it’s way more technical and complex than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain through a icann licensed domain register why do i say i can certify since you can’t get your domain directly from i can which is once again the nonprofit organization that handles the dns system you need to go through an icann licensed domain register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i don’t know why asking me those are simply the rules which’s what people have been providing for the last few decades in order to get a domain name so that’s why you require to pay a yearly fee on your domain names since you’re not actually purchasing an owning domain what you’re doing is leasing their domain 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 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? Who Purchased Crypto Dot Com Domain Name

is a verisign for example so all these various domain name extensions have different computer registries and the role of the registry is just to manage the administrative information for that specific domain name nft domain names versus the standard dns system what’s the distinction well the traditional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that specifically imply a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a special digital item in this instance our domain names dot crypto versus dot zill what’s the difference 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 need to currently kind of know why because those are handled by verisign which is a domain 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 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 main difference is that these 2 are tied to various block chains that’s it so you have Who Purchased Crypto Dot Com Domain Name

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

 

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 industrialized and you have a little bit more services and functions 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 individualized crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain undoubtedly in time as like we have decentralized web host establish with time it will be possible to use like a decentralized domain and a decentralized webhosting to create your own decentralized site currently it’s not truly possible i indicate you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than conventional domains.

Supports 276 crypto possessions.

Cons.

Have to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will achieve 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 engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into place, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually been successful considerably, as they have actually developed a domain system that enables users to establish payments for 276 digital properties under a single domain, while likewise having the ability to be used as a completely 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 extremely safe due to the fact that once declared the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.

It is two times as safe because this also means that the domain can not be obstructed by anyone besides you, so your site is never ever at risk of being down due to censorship. The website for acquiring the domains is safe also and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary factors, though it must be noted that purchasing a domain is a one-time cost and requires no yearly renewals of any sort.

The very 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 select, as cost 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 premium domains that cost 10s of thousands.

The next factor is the gas charges connected with using the Ethereum blockchain to claim your domain, since the domains are kept on the Ethereum blockchain, the deal to declare them comes in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend on the current expense of ETH and the network congestion at the time of the transaction. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very 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 yearly renewal is incredibly attractive considering the way 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 also have more functionality than standard domains due to the fact that they can be used to a payment router, however also used to produce websites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your site. Who Purchased Crypto Dot Com Domain Name

Possibly the very best and most attractive function of Unstoppable Domains is that is provides you a way to have one address for you to get 276 different crypto possessions, indicating when you set it up you will just ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anyone who you wish to get funds from.

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

 

Prospective Dealbreakers.

There is only one real potential dealbreaker when it comes to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This might just be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to acquire some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional cost associated with getting your domain.