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domain name extensions that are connected to the blockchain…Domain Bitcoin Payment… 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 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 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 upon the blockchain and they are simply 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 name so in this video i wish to explain to you whatever that you need to know as a beginner about unstoppable domain names make certain to check the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration in fact work i believe

individuals are going to be quite shocked that it’s method more technical and complex than you thought of 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 launching the domain name through a icann licensed domain register why do i say i can license due to the fact that you can’t get your domain names straight from i can which is once again the nonprofit organization that handles the dns system you need to go through an icann licensed domain name register in order to get a domain and that’s simply how it works like you’re like why do i need to do that i do not know why asking me those are just the guidelines and that’s what individuals have actually been providing for the last couple of years in order to get a domain name so that’s why you need to pay an annual fee on your domain due to the fact that you’re not actually purchasing an owning domain name what you’re doing is leasing 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 registry that handles that domain name 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? Domain Bitcoin Payment

is a verisign for example so all these different domain name extensions have different windows registries and the function of the windows registry is simply 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 registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however 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 special digital product in this instance our domain names dot crypto versus dot zill what’s the difference 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 need to currently kind of understand why due to the fact that those are handled by verisign which is a domain name windows registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain names through unstoppable domain you can just get blockchain based domain right now they just have a dot crypto in dot zo at the time of taping this video the primary difference is that these two are connected to various block chains that’s it so you have Domain Bitcoin Payment

 

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 little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain obviously gradually as like we have actually decentralized web host develop with time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to produce your own decentralized website currently it’s not really possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals engage with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than standard domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some concern as to whether Unstoppable Domains will accomplish 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 simpler for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into place, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually prospered greatly, as they have actually produced a domain system that permits users to set up payments for 276 digital properties under a single domain, while also being able to be used as a fully working site that can even have dApps constructed onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment fees, 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, implying they are as safe as the blockchain itself.

It is two times as safe because this also means that the domain can not be obstructed by anybody aside from you, so your website is never ever at risk of being down due to censorship. The website for acquiring the domains is safe also and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary factors, though it should be kept in mind that acquiring a domain is a one-time cost and requires no annual renewals of any sort.

The 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 pick, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.

The next factor is the gas fees associated with utilizing the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the transaction to claim them is available in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend upon the current cost of ETH and the network congestion 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 Functions of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase with no yearly renewal is very attractive thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody aside from the owner.

The domains also have more performance than standard domains due to the fact that they can be utilized to a payment router, but also utilized to create sites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Domain Bitcoin Payment

Possibly the best and most appealing feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 various crypto assets, implying once 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 simpler not just for you, but for anybody who you wish to get funds from.

 

Possible Dealbreakers.

There is only one genuine possible dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense 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 buy some in order to claim 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 someone else it will be the extra charge associated with getting your domain.