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domain name extensions that are tied to the blockchain…Blockstack Vs Namecoin… 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 advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that requires any kind 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 called a beginner about unstoppable domain make certain to inspect 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 really work i think

individuals are going to be quite stunned that it’s way more complex and technical 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 name through a icann certified domain name register why do i state i can accredit because you can’t get your domain straight from i can which is once again the not-for-profit company that manages the dns system you have to go through an icann certified domain name register in order to get a domain and that’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 a yearly cost on your domain names because you’re not really purchasing an owning domain what you’re doing is renting their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the computer registry that manages that domain extension which is then totally 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? Blockstack Vs Namecoin

is a verisign for instance so all these different domain extensions have different windows registries and the role of the registry is just to manage the administrative data for that particular domain nft domain versus the standard dns system what’s the distinction well the conventional dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain computer system registries then you have your icann licensed 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 just a piece of information found on a blockchain that is verifiable and represents an unique digital item in this circumstances 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 discover that you can’t geta.com.net.org why well you can’t you should currently sort of know why due to the fact that those are handled by verisign which is a domain name windows registry which is handled by icann that becomes part of 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 right now they just have a dot crypto in dot zo at the time of taping this video the primary distinction is that these two are tied to different block chains that’s it so you have Blockstack Vs Namecoin

 

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 industrialized and you have a bit more services and functions developed 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 customized crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain clearly in time as like we have decentralized web host establish with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to create your own decentralized website presently it’s not actually possible i mean you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals engage with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than standard domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish 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 communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this manner they have succeeded considerably, as they have actually developed a domain system that enables users to set up payments for 276 digital possessions under a single domain name, while likewise having the ability to be utilized as a totally working site that can even have dApps built onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe due to the fact that when declared the domains exist under your address on blockchain, suggesting they are as safe as the blockchain itself.

It is doubly safe since this likewise indicates that the domain can not be blocked by anyone aside from you, so your site is never ever at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

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

The very first aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are premium domains that cost 10s of thousands.

The next element is the gas fees related to utilizing the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the current cost of ETH and the network blockage at the time of the deal. 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 functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no yearly renewal is very appealing considering the way conventional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone besides the owner.

The domains likewise have more functionality than standard domains since they can be utilized to a payment router, but also used to produce websites with dApps constructed straight on them because they exist on the blockchain, allowing the use of clever contracts on your website. Blockstack Vs Namecoin

Maybe the very best and most attractive feature of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 various crypto possessions, implying as soon as you set it up you will just ever require 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 anyone who you wish to receive funds from.

 

Potential Dealbreakers.

There is only one genuine prospective dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This may just be a dealbreaker because you do not have any Ethereum at your address and need to acquire 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 transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.