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domain extensions that are tied to the blockchain…Bitcoin 4 Domains… instead of being connected 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 tied to the silica blockchain which is an alternative to ethereum the advantage 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 but something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain so in this video i wish to discuss to you whatever that you need to called a newbie about unstoppable domain make certain 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

individuals are going to be quite surprised that it’s way more complex and technical than you pictured 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 launching the domain through a icann licensed domain register why do i say i can certify because you can’t get your domain directly from i can which is once again the nonprofit organization that manages the dns system you need to go through an icann certified domain name register in order to get a domain name and that’s simply how it works like you resemble why do i have to do that i don’t know why asking me those are just the rules which’s what individuals have been providing for the last couple of decades in order to get a domain so that’s why you require to pay a yearly fee on your domain since you’re not actually buying 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 computer registry that handles that domain extension which is then completely handled 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? Bitcoin 4 Domains

is a verisign for example so all these different domain name extensions have different computer system registries and the role of the pc registry is just to manage the administrative information for that particular domain name nft domain versus the standard dns system what’s the difference well the conventional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain windows registries then you have your icann accredited domain 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 particularly suggest a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item in this instance our domain dot crypto versus dot zill what’s the distinction with these 2 so if you jump 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 should currently sort of understand why since those are managed by verisign which is a domain name registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can just get blockchain based domain right now they only have a dot crypto in dot zo at the time of recording this video the main difference is that these 2 are tied to various block chains that’s it so you have Bitcoin 4 Domains

 

your dot crypto which is tied 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 features 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 set up as a payment gateway so this is the main function of unstoppable domain certainly gradually as like we have actually decentralized webhosting establish in time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized website currently it’s not really possible i mean you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto possessions.

Cons.

Need to spend ETH to claim domain.

Still some question regarding 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 need for it to be simpler for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.

In this manner they have succeeded considerably, as they have developed a domain system that allows users to establish payments for 276 digital possessions under a single domain name, while also having the ability to be used as a fully functioning site that can even have dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal 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, meaning they are as protected as the blockchain itself.

It is twice as safe since this also implies that the domain can not be blocked by anybody other than you, so your site is never ever at risk of being down due to censorship. The website for purchasing the domains is safe too and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 main factors, though it must be noted that purchasing a domain is a one-time expense and needs no yearly renewals of any sort.

The 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 pick, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.

The next aspect is the gas costs related to 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 upon the existing expense of ETH and the network blockage at the time of the deal. Overall 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 stand out. The fact that it is a one-time purchase with no yearly renewal is extremely enticing considering the method standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone other than the owner.

The domains also have more functionality than traditional domains due to the fact that they can be utilized to a payment router, but also used to create sites with dApps built directly on them since they exist on the blockchain, allowing the use of clever contracts on your website. Bitcoin 4 Domains

Possibly the best and most attractive feature of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto possessions, suggesting as soon as 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 simpler not only for you, but for anybody who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one genuine prospective dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This may just be a dealbreaker since you do not have any Ethereum at your address and require to purchase some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. Nevertheless, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.