domain extensions that are tied to the blockchain…Cryptoblades… 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 connected to the silica blockchain which is an alternative to ethereum the benefit 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 simply entirely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or consent you as the owner own your domain so in this video i wish to discuss to you whatever that you need to referred to as a newbie about unstoppable domain ensure 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 think
people are going to be rather stunned that it’s method more technical and complicated than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i say i can license because you can’t get your domain names directly from i can which is again the not-for-profit company that handles the dns system you need to go through an icann certified domain name register in order to get a domain name 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 guidelines and that’s what individuals have actually been doing for the last couple of decades in order to get a domain name so that’s why you need to pay an annual charge on your domain names since you’re not actually 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 pc registry that manages that domain name extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension
Is unstoppable domains on Ethereum? Cryptoblades
is a verisign for instance so all these different domain extensions have different pc registries and the role of the pc 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 mentioned 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 significance 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 information discovered on a blockchain that is verifiable and represents an unique digital item in this circumstances our domain dot crypto versus dot zill what’s the distinction with these two so if you jump 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 currently type of understand why because those are handled by verisign which is a domain windows registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain today 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 connected to different block chains that’s it so you have Cryptoblades
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 features constructed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill but functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain undoubtedly over time as like we have actually decentralized web host develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website presently it’s not truly possible i mean you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which individuals connect with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than standard domains.
Supports 276 crypto properties.
Need to invest ETH to claim domain.
Still some question as to whether Unstoppable Domains will achieve prevalent adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be easier for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into 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 succeeded significantly, as they have developed a domain system that allows users to set up payments for 276 digital properties under a single domain, while likewise having the ability to be used as a completely working website that can even have dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe because as soon as declared the domains exist under your address on blockchain, implying they are as safe and secure as the blockchain itself.
It is two times as safe due to the fact that this likewise implies that the domain can not be obstructed by anybody other than you, so your website is never at risk of being down due to censorship. The site for buying the domains is safe as well and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 primary aspects, though it must be noted that purchasing a domain is a one-time cost and requires no yearly 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 on the domain you pick, as expense 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 premium domains that cost tens of thousands.
The next element is the gas charges associated with using the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the deal 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 upon the existing expense of ETH and the network blockage at the time of the transaction. In general 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 out. The fact that it is a one-time purchase with no yearly renewal is very attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone besides the owner.
The domains also have more performance than standard domains because they can be utilized to a payment router, however also used to develop websites with dApps constructed directly on them since they exist on the blockchain, allowing the use of smart agreements on your website. Cryptoblades
Maybe the best and most appealing feature of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 different crypto assets, indicating once you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not just for you, but for anybody who you wish to get funds from.
There is only one real potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of declaring 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 declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time transaction cost, and unless you decide to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.