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domain name extensions that are tied to the blockchain…Crypto Key Domain… 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 connected 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 requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain name so in this video i wish to explain to you everything that you require to called a beginner about unstoppable domain names make sure to inspect the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration really work i believe

individuals are going to be rather surprised that it’s method more technical and complicated than you envisioned 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 launching the domain through a icann accredited domain register why do i say i can certify because you can’t get your domain directly from i can which is once again the not-for-profit organization that handles the dns system you need to go through an icann accredited domain register in order to get a domain name which’s just how it works like you’re like why do i need to do that i don’t understand why asking me those are just the guidelines and that’s what people have actually been providing for the last few decades in order to get a domain name so that’s why you require to pay an annual charge on your domain names since you’re not in fact purchasing an owning domain name 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 pc registry that handles that domain name extension which is then absolutely 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? Crypto Key Domain

is a verisign for example so all these different domain extensions have different windows registries and the role of the windows registry is just to manage the administrative information for that particular domain name nft domain versus the conventional dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it but like what does that particularly indicate a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents a distinct digital item in this instance 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 learn that you can’t geta.com.net.org why well you can’t you should currently sort of understand why because those are handled by verisign which is a domain name pc registry which is managed by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these two are tied to various block chains that’s it so you have Crypto Key Domain

 

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 industrialized and you have a little bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment entrance so this is the main feature of unstoppable domain names clearly over time as like we have decentralized web host establish in time it will be possible to use like a decentralized domain name and a decentralized web host to create your own decentralized website presently it’s not actually possible i indicate you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish prevalent adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be much easier for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came 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 produced a domain system that enables users to establish payments for 276 digital properties under a single domain, while also being able to be used as a totally functioning 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 charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

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

It is twice as safe because this also indicates that the domain can not be obstructed by anyone other than you, so your site is never at risk of being down due to censorship. The site for acquiring the domains is safe too and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 main factors, though it should be kept in mind that buying a domain is a one-time cost and requires no annual renewals of any sort.

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

The next element is the gas fees related to using the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to declare them is available in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the existing cost of ETH and the network congestion at the time of the deal. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stick out. The reality that it is a one-time purchase without any annual renewal is exceptionally enticing thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody aside from the owner.

The domains also have more functionality than traditional domains since they can be utilized to a payment router, but likewise used to develop sites with dApps developed straight on them since they exist on the blockchain, allowing the use of clever agreements on your site. Crypto Key Domain

Perhaps the very best and most enticing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto assets, suggesting when you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not just for you, but for anybody who you wish to receive funds from.

 

Prospective Dealbreakers.

There is only one genuine possible dealbreaker when it comes to utilizing Unstoppable Domains, and that 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 need 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 fee, and unless you decide to sell/transfer your domain to somebody else it will be the extra cost related to getting your domain.