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domain extensions that are tied to the blockchain…Can Unstoppable Domains… 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 extensions is simply 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 just entirely decentralized so there’s no governing body there’s nothing that needs any type of approval or consent you as the owner own your domain so in this video i want to explain to you everything that you need to know as a beginner about unstoppable domain make certain to check 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 way more complicated and technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i state i can license since you can’t get your domain names directly from i can which is again the not-for-profit organization that handles the dns system you have to go through an icann licensed domain name register in order to get a domain and that’s simply how it works like you resemble why do i need to do that i do not understand why asking me those are just the rules and that’s what people have actually been providing for the last few decades in order to get a domain so that’s why you require to pay an annual fee on your domain names since you’re not actually purchasing 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 computer system registry that manages that domain extension which is then completely managed 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? Can Unstoppable Domains

is a verisign for example so all these various domain extensions have various computer registries and the role of the pc registry is simply to manage the administrative information for that specific domain nft domain versus the conventional dns system what’s the difference well the traditional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain computer registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that specifically mean a non-fungible token is just a piece of data 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 learn that you can’t geta.com.net.org why well you can’t you ought to already type of understand why due to the fact that those are managed by verisign which is a domain name computer system 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 names right now they just have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these 2 are connected to various block chains that’s it so you have Can Unstoppable Domains

 

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 features and services developed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same tailored crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain obviously gradually as like we have decentralized web host establish with time it will be possible to use like a decentralized domain name and a decentralized webhosting to produce your own decentralized site presently it’s not really possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than standard domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will attain 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 requirement for it to be simpler for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually prospered greatly, as they have created a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise being able to be utilized as a completely functioning website that can even have 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 intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe because once claimed the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.

It is twice as safe since this likewise means that the domain can not be obstructed by anyone aside from you, so your site is never ever at risk of being down due to censorship. The website for purchasing the domains is safe also and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 main aspects, though it needs to be kept in mind that purchasing a domain is a one-time cost and needs no annual renewals of any sort.

The very first factor 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 cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are superior domains that cost 10s of thousands.

The next factor is the gas fees connected with using the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the present 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 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 yearly renewal is exceptionally attractive thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anybody besides the owner.

The domains also have more functionality than conventional domains due to the fact that they can be used to a payment router, however also utilized to produce sites with dApps developed straight on them because they exist on the blockchain, allowing the use of wise agreements on your website. Can Unstoppable Domains

Perhaps the best and most attractive feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto possessions, suggesting when you set it up you will only 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 just for you, but for anyone who you want to get funds from.

 

Potential Dealbreakers.

There is only one genuine possible dealbreaker when it pertains to using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.

This may only be a dealbreaker since you do not have any Ethereum at your address and require to acquire some in order to declare 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 somebody else it will be the extra cost connected with getting your domain.