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domain extensions that are tied to the blockchain…Bitcoin Dominance Future… instead of being connected 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 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 managed and operated by icann so anything constantly requires 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 authorization you as the owner own your domain name so in this video i wish to describe to you everything that you require to called a newbie about unstoppable domain names ensure to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration really work i believe

people are going to be rather surprised that it’s way more technical and complex than you thought of 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 accredited domain name register why do i state i can license since you can’t get your domain directly from i can which is again the nonprofit company that manages the dns system you need to go through an icann accredited domain register in order to get a domain name and that’s just how it works like you’re like why do i need to do that i do not know why asking me those are just the rules and that’s what people have been providing for the last couple of decades in order to get a domain name so that’s why you need to pay an annual fee on your domain names since you’re not in fact purchasing an owning domain name 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 windows registry that manages that domain extension which is then completely managed 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? Bitcoin Dominance Future

is a verisign for instance so all these different domain name extensions have different computer system registries and the function of the registry is simply to handle the administrative data for that particular domain name nft domain names versus the conventional dns system what’s the distinction well the conventional 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 certified 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 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 circumstances 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 find out that you can’t geta.com.net.org why well you can’t you need to currently kind of understand why due to the fact that those are handled by verisign which is a domain windows registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain names through unstoppable domain names you can only 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 Dominance Future

 

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 developed and you have a bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill however functionally speaking they are the same individualized crypto addresses that can be set up as a payment entrance so this is the primary function of unstoppable domain certainly with time as like we have decentralized web host develop with time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized site presently it’s not actually possible i suggest you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than standard domains.

Supports 276 crypto possessions.

Cons.

Need to invest ETH to claim domain.

Still some concern as to whether Unstoppable Domains will accomplish widespread adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a need for it to be simpler for users to communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered 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 prospered greatly, as they have produced a domain system that allows users to set up payments for 276 digital properties under a single domain, while also having the ability to be used as a fully operating site that can even have actually dApps built onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an interesting 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 safe and secure as the blockchain itself.

It is doubly safe due to the fact that this likewise suggests 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 website for buying the domains is safe too and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

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

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

The next factor is the gas fees related to utilizing the Ethereum blockchain to declare your domain, because the domains are stored on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas fees you will pay will depend on the current cost of ETH and the network blockage at the time of the deal. In general you can get 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 couple of features of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no yearly renewal is incredibly appealing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody aside from the owner.

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

Possibly the very best and most attractive function of Unstoppable Domains is that is provides you a method to have one address for you to get 276 different crypto assets, suggesting when 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 only for you, but for anyone who you wish to get funds from.

 

Prospective Dealbreakers.

There is only one real potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of claiming 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 need to buy some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time deal cost, and unless you choose to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.