domain name extensions that are connected to the blockchain…Bitcoin Dominance Graph… instead of being tied 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 needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or permission you as the owner own your domain name so in this video i want to discuss to you everything that you need to referred to as a newbie about unstoppable domain ensure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration in fact work i think
individuals are going to be quite surprised that it’s method more technical and complicated than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain name through a icann licensed domain name register why do i state i can accredit because you can’t get your domain names directly from i can which is again the nonprofit organization that manages the dns system you have to go through an icann accredited domain register in order to get a domain which’s just how it works like you resemble why do i need to do that i do not understand 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 charge on your domain names due to the fact that you’re not actually buying 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 pc registry that handles that domain name extension which is then totally managed and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension
Is unstoppable domains on Ethereum? Bitcoin Dominance Graph
is a verisign for example so all these various domain name extensions have different windows registries and the function of the computer registry is just to handle the administrative data for that specific domain 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 registries then you have your icann licensed domain name 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 particularly imply a non-fungible token is simply 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 find out that you can’t geta.com.net.org why well you can’t you should already sort of understand why since those are handled by verisign which is a domain computer 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 just get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these two are connected to different block chains that’s it so you have Bitcoin Dominance Graph
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 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 individualized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain names clearly with time as like we have decentralized web host establish in time it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized website currently it’s not truly possible i suggest you can do it but it’s quite technical uh.
One-time purchase of domain.
Simplifies method which people engage with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than conventional domains.
Supports 276 crypto possessions.
Have to spend ETH to claim domain.
Still some question regarding whether Unstoppable Domains will achieve extensive 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 simpler 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 discover IP addresses in order to get to websites, except for crypto addresses.
In this manner they have been successful significantly, as they have produced a domain system that enables users to establish payments for 276 digital assets under a single domain, while likewise being able to be utilized as a completely working website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe because as soon as claimed the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.
It is two times as safe due to the fact that this likewise suggests that the domain can not be blocked by anybody besides you, so your site is never at risk of being down due to censorship. The site for purchasing the domains is safe also and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 primary aspects, though it should be noted that buying a domain is a one-time cost and requires no yearly renewals of any sort.
The first factor is the expense of the domain itself, this can vary 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 premium domains that cost 10s of thousands.
The next factor is the gas costs related to using the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the deal to claim them can be found 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 most likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the very best Functions of Unstoppable Domains?
There are a few features of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any annual renewal is very enticing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.
The domains also have more functionality than standard domains because they can be utilized to a payment router, but likewise utilized to produce sites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Bitcoin Dominance Graph
Possibly the best and most appealing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto possessions, suggesting as soon as you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not just for you, but for anyone who you want to get funds from.
There is only one genuine potential dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.
This might just be a dealbreaker since you do not have any Ethereum at your address and require to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. However, this is a one-time deal fee, and unless you choose to sell/transfer your domain to someone else it will be the additional fee related to getting your domain.