domain name extensions that are connected to the blockchain…Cryptocurrency Business Names… 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 name extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and run by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just totally 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 so in this video i want to explain to you everything that you need to referred to as a beginner about unstoppable domain ensure to check the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration in fact work i believe
individuals are going to be quite stunned that it’s way more technical and complicated than you thought of 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 launching the domain through a icann certified domain name register why do i state i can license because you can’t get your domain straight from i can which is once again the not-for-profit organization that manages the dns system you have to go through an icann accredited domain register in order to get a domain and that’s just how it works like you resemble why do i need to do that i don’t understand why asking me those are just the rules which’s what people have actually been doing for the last few decades in order to get a domain so that’s why you require to pay a yearly charge on your domain since you’re not in fact 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 windows registry that handles that domain extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension
Is unstoppable domains on Ethereum? Cryptocurrency Business Names
is a verisign for instance so all these various domain extensions have various windows registries and the role of the windows registry is just to manage the administrative information for that particular domain nft domain names versus the standard dns system what’s the difference well the traditional dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain computer system registries then you have your icann licensed 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 particularly suggest a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a distinct digital product in this instance our domain names dot crypto versus dot zill what’s the distinction with these 2 so if you jump 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 type of know why due to the fact that 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 kinds of domain names 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 recording this video the main distinction is that these two are connected to various block chains that’s it so you have Cryptocurrency Business Names
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 developed and you have a bit more functions and services built around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill however functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain names clearly with time as like we have decentralized webhosting establish gradually it will be possible to use like a decentralized domain name and a decentralized web host to develop 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.
Streamlines method which people interact with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than traditional domains.
Supports 276 crypto properties.
Need to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will achieve prevalent 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 much easier for users to interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.
In this way they have prospered significantly, as they have produced a domain system that permits users to set up payments for 276 digital properties under a single domain name, while likewise having the ability to be utilized as a totally working site that can even have dApps developed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe due to the fact that once claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.
It is twice as safe because 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 on a two primary aspects, though it ought to be noted that purchasing a domain is a one-time cost and needs no annual renewals of any sort.
The first element is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you pick, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next factor is the gas costs connected with using the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend on the current cost of ETH and the network congestion at the time of the transaction. 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 few features of Unstoppable Domains that stick out. The fact that it is a one-time purchase with no annual renewal is exceptionally attractive considering the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody besides the owner.
The domains likewise have more performance than traditional domains because they can be used to a payment router, but also used to develop websites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your site. Cryptocurrency Business Names
Possibly the very best and most enticing feature of Unstoppable Domains is that is provides you a method to have one address for you to get 276 various crypto assets, implying once you set it up you will only ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anybody who you want to receive funds from.
There is only one real potential dealbreaker when it comes to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This may only 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. This is a one-time transaction fee, and unless you decide to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.