domain extensions that are connected to the blockchain…Blockchain Domain Driven Design… 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 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 managed and operated by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that needs any type of approval or approval you as the owner own your domain name so in this video i want to describe to you whatever that you require to called a beginner about unstoppable domain make sure 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 really work i believe
individuals are going to be rather shocked that it’s method more complicated and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re releasing the domain name through a icann certified domain register why do i say i can license because you can’t get your domain straight from i can which is again the nonprofit company that handles the dns system you need to go through an icann certified domain name register in order to get a domain and that’s simply how it works like you’re like why do i need to do that i don’t understand why asking me those are simply the rules which’s what people have actually been doing for the last few years in order to get a domain so that’s why you need to pay a yearly cost on your domain due to the fact that you’re not really 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 pc registry that handles that domain name extension which is then totally 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? Blockchain Domain Driven Design
is a verisign for instance so all these various domain extensions have different windows registries and the role of the computer registry is simply to manage the administrative information for that particular domain name 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 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 alter it but like what does that specifically mean a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain dot crypto versus dot zill what’s the difference with these two 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 ought to already kind of understand why due to the fact that those are managed by verisign which is a domain name pc registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain today they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are connected to different block chains that’s it so you have Blockchain Domain Driven Design
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 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 gateway so this is the main feature of unstoppable domain names undoubtedly in time as like we have actually decentralized webhosting develop with time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not really possible i suggest you can do it however it’s quite technical uh.
One-time purchase of domain.
Simplifies way in which people connect with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than standard domains.
Supports 276 crypto properties.
Have to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will attain prevalent 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 engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.
In this way they have prospered considerably, as they have produced a domain system that permits users to set up payments for 276 digital properties under a single domain name, while likewise being able to be used as a fully operating site that can even have dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe due to the fact that when claimed the domains exist under your address on blockchain, indicating they are as 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 anybody besides you, so your site is never 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.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a two main factors, though it needs to be kept in mind that buying a domain is a one-time cost and needs no annual renewals of any sort.
The very first factor is the expense of the domain itself, this can range 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 charges related to utilizing the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the transaction to declare them comes in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the present cost of ETH and the network congestion at the time of the deal. Overall 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 couple of features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase with no yearly renewal is very attractive thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody other than the owner.
The domains likewise have more functionality than standard domains due to the fact that they can be utilized to a payment router, however likewise utilized to develop sites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your site. Blockchain Domain Driven Design
Perhaps the best and most enticing function of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 different crypto assets, indicating once you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not only for you, but for anybody who you wish to get funds from.
There is only one genuine potential dealbreaker when it pertains to using Unstoppable Domains, and that is the expense of declaring 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 require to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas charges. However, this is a one-time deal cost, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.