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domain name extensions that are tied to the blockchain…Domain4Bitcoin… instead of being connected 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 advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and run 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 totally decentralized so there’s no governing body there’s nothing that requires any type of approval or approval you as the owner own your domain name so in this video i wish to describe to you whatever that you need to called a newbie about unstoppable domain make sure to check the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration actually work i believe

individuals are going to be quite shocked that it’s way more technical and complex than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually 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 since you can’t get your domain names 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 which’s just how it works like you’re like why do i have to do that i don’t know why asking me those are just the guidelines and that’s what individuals have actually been providing for the last few decades in order to get a domain so that’s why you need to pay an annual charge on your domain due to the fact that you’re not in fact purchasing an owning domain 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 windows registry that handles that domain name extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Domain4Bitcoin

is a verisign for example so all these various domain name extensions have various computer system registries and the role of the computer registry is simply to manage the administrative information for that specific domain name nft domain names versus the conventional dns system what’s the difference well the standard 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 licensed 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 specifically imply a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital item in this circumstances 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 learn that you can’t geta.com.net.org why well you can’t you need to already kind of understand why because those are handled by verisign which is a domain name computer system registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain names you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the main difference is that these two are tied to different block chains that’s it so you have Domain4Bitcoin

 

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 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 make with a dot zill however functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain names undoubtedly over time as like we have actually decentralized web host establish in time it will be possible to use 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 way in which individuals communicate with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than conventional domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale only.

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 aim of Unstoppable Domains is to be like the DNS system that entered into location, 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 been successful greatly, as they have actually created a domain system that allows users to establish payments for 276 digital assets under a single domain name, while also being able to be utilized as a completely operating site that can even have actually dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe because when declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.

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

Just How Much is Unstoppable Domains?

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

The first factor is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas costs connected with utilizing the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the transaction to claim them comes in ETH and is not included in your initial purchase. The gas costs 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 likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no yearly renewal is incredibly enticing considering the method standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone aside from the owner.

The domains likewise have more performance than standard domains due to the fact that they can be utilized to a payment router, but likewise used to produce sites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your site. Domain4Bitcoin

Possibly the very best and most attractive function of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 different crypto properties, suggesting as soon as you set it up you will only ever need 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 anyone who you wish to get funds from.

 

Potential Dealbreakers.

There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.

This may just be a dealbreaker since 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 charges. Nevertheless, this is a one-time transaction fee, and unless you decide to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.