domain extensions that are tied to the blockchain…Is Domain Flipping Worth It… instead of being connected 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 extension which is tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is managed 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 simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or authorization you as the owner own your domain name so in this video i want to explain to you whatever that you require to referred to as a novice about unstoppable domain ensure to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration actually work i think
people are going to be rather stunned 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 really purchasing the domain name what you’re doing is you’re launching the domain through a icann licensed domain register why do i say i can certify because you can’t get your domain straight from i can which is once again the not-for-profit organization that handles the dns system you have to go through an icann accredited domain name register in order to get a domain which’s just how it works like you resemble why do i need to do that i don’t understand why asking me those are simply the rules and that’s what people have been providing for the last few years in order to get a domain name so that’s why you need to pay an annual charge on your domain names because you’re not in fact buying 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 pc 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 windows registry for that extension
Is unstoppable domains on Ethereum? Is Domain Flipping Worth It
is a verisign for instance so all these different domain extensions have various computer registries and the function of the registry is just to handle the administrative information for that specific domain nft domain names versus the conventional dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain computer registries then you have your icann accredited 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 suggest a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain 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 find out that you can’t geta.com.net.org why well you can’t you should currently kind of know why because those are handled by verisign which is a domain registry which is handled by icann that’s 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 only have a dot crypto in dot zo at the time of recording this video the primary distinction is that these two are connected to different block chains that’s it so you have Is Domain Flipping Worth It
your dot crypto which is connected 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 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 personalized crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain names undoubtedly in time as like we have actually decentralized web host establish in time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to produce your own decentralized site presently it’s not truly possible i indicate you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which people interact with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than traditional domains.
Supports 276 crypto possessions.
Need to invest ETH to claim domain.
Still some concern as to whether Unstoppable Domains will achieve prevalent 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 need for it to be simpler for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.
In this way they have prospered significantly, as they have developed a domain system that permits users to set up payments for 276 digital properties under a single domain name, while also being able to be used as a totally operating site that can even have 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 interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe since as soon as declared the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.
It is doubly safe because this likewise means that the domain can not be blocked by anybody besides you, so your site is never ever at risk of being down due to censorship. The site for purchasing the domains is safe also and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two primary elements, though it must be noted that acquiring a domain is a one-time cost and needs no yearly renewals of any sort.
The very first aspect is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you choose, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.
The next factor is the gas charges related to using the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the deal to declare them comes in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend upon the current expense of ETH and the network congestion at the time of the transaction. Overall 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 stand apart. The truth that it is a one-time purchase without any annual renewal is extremely attractive thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone other than the owner.
The domains also have more performance than traditional domains since they can be used to a payment router, however also utilized to produce websites with dApps constructed straight on them since they exist on the blockchain, allowing the use of clever agreements on your website. Is Domain Flipping Worth It
Maybe the best and most attractive function of Unstoppable Domains is that is offers you a way to have one address for you to get 276 different crypto assets, meaning once you set it up you will just ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not only for you, but for anybody who you want to receive funds from.
There is only one genuine potential dealbreaker when it concerns utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.
This might only be a dealbreaker since 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 think it is unreasonable to pay the gas charges. This is a one-time transaction charge, and unless you choose to sell/transfer your domain to somebody else it will be the extra cost associated with getting your domain.