domain extensions that are connected to the blockchain…How Unstoppable Domains… instead of being tied to the dns system specifically you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain extension which is tied 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 controlled and operated by icann so anything always requires approval from that governing body but 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 absolutely nothing that needs any type of approval or approval you as the owner own your domain name so in this video i wish to explain to you everything that you require to referred to as a newbie about unstoppable domain ensure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration really work i think
people are going to be quite shocked that it’s way more technical and complicated than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain name what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i say i can accredit since you can’t get your domain names directly from i can which is once 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 just how it works like you’re like why do i need to do that i do not understand why asking me those are just the guidelines which’s what individuals have been doing for the last few years in order to get a domain name so that’s why you require to pay a yearly charge on your domain since you’re not actually buying 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 registry that manages that domain extension which is then absolutely 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? How Unstoppable Domains
is a verisign for example so all these various domain extensions have different registries and the function of the registry is just to manage the administrative data for that specific domain nft domain versus the conventional dns system what’s the difference well the traditional dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain windows registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it however like what does that particularly suggest a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents an unique digital item in this instance our domain names dot crypto versus dot zill what’s the difference 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 ought to already type of know why due to the fact that those are handled by verisign which is a domain computer registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these 2 are connected to various block chains that’s it so you have How Unstoppable Domains
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 functions built around uh at the ethereum blockchain with a dot crypto domain name than you do 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 feature of unstoppable domain names clearly gradually as like we have decentralized webhosting establish over 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 truly possible i mean you can do it however it’s pretty technical uh.
One-time purchase of domain.
Streamlines method which people communicate with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than traditional domains.
Supports 276 crypto assets.
Need to spend ETH to claim domain.
Still some concern as to whether Unstoppable Domains will attain widespread 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 engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.
In this manner they have succeeded greatly, as they have actually created a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise being able to be utilized as a totally working site that can even have dApps constructed onto them because 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 extremely safe because once claimed the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.
It is doubly safe since this likewise indicates that the domain can not be blocked by anybody besides you, so your site 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 expense of Unstoppable Domains depends on a two primary elements, though it needs to be kept in mind that acquiring a domain is a one-time expense and requires no annual renewals of any sort.
The very 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 choose, 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 extra. In addition, there are premium domains that cost 10s of thousands.
The next factor is the gas fees connected with using the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to claim them comes in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend upon the current cost of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any annual renewal is exceptionally appealing considering the way conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody other than the owner.
The domains likewise have more performance than conventional domains due to the fact that they can be utilized to a payment router, but likewise utilized to produce websites with dApps built straight on them since they exist on the blockchain, allowing the use of wise agreements on your site. How Unstoppable Domains
Possibly the very best and most enticing function of Unstoppable Domains is that is supplies you a method to have one address for you to get 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 simpler not only for you, but for anyone who you want to receive funds from.
There is only one real potential dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost of claiming your domain with Ethereum.
This may just be a dealbreaker since you do not have any Ethereum at your address and require to acquire some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time transaction charge, and unless you decide to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.