domain name extensions that are connected to the blockchain…Blockchain Domain Info… instead of being tied to the dns system specifically you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain name 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 managed and operated by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that needs any kind of approval or approval you as the owner own your domain so in this video i want to explain to you whatever that you need to know as a newbie about unstoppable domain names ensure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain name registration actually work i believe
individuals are going to be quite shocked that it’s way more complicated and technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re releasing the domain name through a icann certified domain register why do i state i can license because you can’t get your domain names straight from i can which is once 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’re like why do i need to do that i don’t know why asking me those are just the guidelines 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 an annual fee on your domain names due to the fact that you’re not in fact buying an owning domain name 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 registry that handles that domain extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension
Is unstoppable domains on Ethereum? Blockchain Domain Info
is a verisign for example so all these various domain extensions have various computer system registries and the role of the windows registry is simply to handle the administrative data for that specific domain nft domain names versus the conventional dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it however like what does that specifically indicate a non-fungible token is just 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 distinction 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 need to already kind of know why because those are handled by verisign which is a domain pc 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 only get blockchain based domain names today they just have a dot crypto in dot zo at the time of recording this video the primary difference is that these 2 are connected to different block chains that’s it so you have Blockchain Domain Info
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 little bit more features and services built around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain obviously over time as like we have actually decentralized webhosting develop gradually it will be possible to use like a decentralized domain name and a decentralized web host to create your own decentralized site presently it’s not actually possible i indicate you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which individuals communicate with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than traditional domains.
Supports 276 crypto possessions.
Have to invest ETH to claim domain.
Still some question regarding whether Unstoppable Domains will attain widespread 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 easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into 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 actually been successful greatly, as they have developed a domain system that allows users to establish payments for 276 digital assets under a single domain name, while also having the ability to be utilized as a fully functioning site that can even have actually dApps developed 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 exceptionally safe due to the fact that once declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.
It is twice as safe because this likewise implies that the domain can not be blocked by anybody aside from you, so your website is never at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a two main aspects, though it should be noted that acquiring a domain is a one-time expense and requires no yearly renewals of any sort.
The very first element is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.
The next factor 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 claim them comes in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend upon the present 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 Best Features of Unstoppable Domains?
There are a few features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any yearly renewal is exceptionally attractive thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody aside from the owner.
The domains likewise have more functionality than traditional domains since they can be used to a payment router, however likewise used to create websites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Blockchain Domain Info
Possibly the best and most appealing function of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 various crypto assets, indicating 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 easier not only for you, but for anyone who you wish to get funds from.
There is only one genuine potential dealbreaker when it concerns utilizing Unstoppable Domains, and that is the cost of claiming 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 purchase some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. However, this is a one-time transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.