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domain name extensions that are connected to the blockchain…How To Convert Namecoin To Bitcoin… instead of being tied 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 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 simply that they are decentralized so the dns system is controlled and run by icann so anything constantly 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 needs any type of approval or approval you as the owner own your domain so in this video i want to describe to you whatever that you need to know as a novice 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 start how does domain registration really work i believe

people are going to be quite stunned that it’s method more complex and technical than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re releasing the domain through a icann certified domain name register why do i state i can accredit because you can’t get your domain names directly from i can which is once again the nonprofit company that handles the dns system you have to go through an icann certified domain register in order to get a domain and that’s simply how it works like you resemble why do i have to do that i do not know why asking me those are simply the guidelines and that’s what individuals have actually been providing for the last couple of decades in order to get a domain so that’s why you need to pay an annual cost on your domain because you’re not in fact purchasing an owning domain what you’re doing is leasing their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the computer registry that manages that domain name extension which is then totally handled and organized by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? How To Convert Namecoin To Bitcoin

is a verisign for example so all these different domain extensions have various computer registries and the function of the computer system registry is simply to manage the administrative information for that particular domain nft domain versus the traditional dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain windows 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 change it however like what does that particularly imply 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 instance 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 should already sort of understand why because those are handled by verisign which is a domain windows registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these 2 are tied to different block chains that’s it so you have How To Convert Namecoin To Bitcoin

 

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 little bit more functions and services 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 tailored crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain names undoubtedly with time as like we have decentralized webhosting establish with time it will be possible to utilize like a decentralized domain name and a decentralized web host to produce your own decentralized website presently it’s not really possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people interact with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some question regarding 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 need for it to be simpler for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have succeeded significantly, as they have developed a domain system that permits users to establish payments for 276 digital properties under a single domain, while also having the ability to be utilized as a fully functioning site that can even have actually dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe due to the fact that once declared the domains exist under your address on blockchain, suggesting they are as safe as the blockchain itself.

It is twice as safe because this likewise implies that the domain can not be blocked by anybody aside from you, so your website is never ever at risk of being down due to censorship. The website for buying the domains is safe too and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary elements, though it ought to be kept in mind that buying a domain is a one-time expense and needs no yearly renewals of any sort.

The first element is the cost 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 example), and the length of the domain name, with much shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.

The next element is the gas charges related to utilizing the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the transaction to claim them comes in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend on the current cost of ETH and the network blockage at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very 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 extremely enticing thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone aside from the owner.

The domains likewise have more performance than traditional domains since they can be utilized to a payment router, but likewise utilized to develop websites with dApps developed straight on them since they exist on the blockchain, allowing the use of wise contracts on your website. How To Convert Namecoin To Bitcoin

Maybe the best and most attractive function of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 various crypto properties, implying once you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anybody who you wish to receive funds from.

 

Prospective Dealbreakers.

There is only one real potential dealbreaker when it pertains 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 buy 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 charge, and unless you decide to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.