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domain name extensions that are tied to the blockchain…Bitcoin Dominance Over… 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 benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and run 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 just entirely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or authorization you as the owner own your domain so in this video i wish to discuss to you everything that you require to called a novice about unstoppable domain names make certain to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration really work i believe

people are going to be rather stunned that it’s way more technical and complicated than you imagined 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 launching the domain through a icann licensed domain register why do i say i can accredit since you can’t get your domain directly from i can which is again the not-for-profit organization that handles the dns system you need to go through an icann licensed domain register in order to get a domain which’s simply how it works like you’re like why do i have to do that i do not understand why asking me those are just the guidelines which’s what people have actually been doing for the last few decades in order to get a domain name so that’s why you need to pay an annual fee on your domain since you’re not actually purchasing an owning domain what you’re doing is renting 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 windows registry that manages that domain name extension which is then completely managed 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 Dominance Over

is a verisign for example so all these various domain name extensions have various pc registries and the function of the pc registry is just to handle the administrative information for that particular domain name nft domain versus the traditional 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 icann you have your domain 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 alter it but like what does that particularly mean a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents a special digital product in this circumstances 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 need to already sort of understand why due to the fact that those are handled by verisign which is a domain pc registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are tied to different block chains that’s it so you have Bitcoin Dominance Over

 

your dot crypto which is tied to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more developed and you have a little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain obviously in time as like we have decentralized webhosting develop in time it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized site presently it’s not truly possible i suggest you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people connect with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto possessions.

Cons.

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 existing CEO, who saw a need for it to be much easier for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into location, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded considerably, as they have actually produced a domain system that enables users to set up payments for 276 digital assets under a single domain, while likewise being able to be used as a fully working website that can even have dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

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

How Much is Unstoppable Domains?

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

The first aspect is the cost 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 on domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas charges associated with using the Ethereum blockchain to declare your domain, because the domains are kept on the Ethereum blockchain, the deal 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 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 overall.

What Are the very best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase with no annual renewal is incredibly enticing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone other than the owner.

The domains also have more performance than traditional domains since they can be used to a payment router, but likewise used to produce sites with dApps constructed straight on them since they exist on the blockchain, allowing the use of smart agreements on your site. Bitcoin Dominance Over

Perhaps the best and most attractive feature of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 different crypto assets, suggesting once you set it up you will just ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anyone who you wish to get funds from.

 

Potential Dealbreakers.

There is only one genuine potential dealbreaker when it concerns using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.

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