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domain name extensions that are tied to the blockchain…Is Namecoin Still Alive… instead of being connected 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 tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name 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 but something like a dot crypto or zillow these are based upon the blockchain and they are simply completely 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 so in this video i wish to explain to you whatever that you require to called a newbie about unstoppable domain make certain 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 really work i believe

individuals are going to be rather surprised that it’s way more complicated and technical than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re launching the domain through a icann licensed domain register why do i state i can certify because you can’t get your domain names directly from i can which is once again the nonprofit organization that handles the dns system you have to go through an icann certified domain name register in order to get a domain which’s simply how it works like you’re like why do i need to do that i don’t understand why asking me those are just the guidelines which’s what people have been providing for the last few decades in order to get a domain so that’s why you require to pay a yearly charge on your domain because 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 computer registry that manages that domain 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? Is Namecoin Still Alive

is a verisign for example so all these different domain name extensions have different registries and the function of the windows registry is just to manage the administrative data for that specific domain name nft domain versus the conventional dns system what’s the difference well the traditional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer registries then you have your icann accredited domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that specifically suggest a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital item in this circumstances 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 know why since those are managed by verisign which is a domain computer registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can just 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 tied to different block chains that’s it so you have Is Namecoin Still Alive

 

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 industrialized and you have a little bit more services and features built 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 customized crypto addresses that can be set up as a payment entrance so this is the main feature of unstoppable domain obviously over time as like we have decentralized web host develop with time it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized website currently it’s not truly possible i imply you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals interact with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will achieve 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 much 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 find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually been successful significantly, as they have actually created a domain system that allows users to set up payments for 276 digital assets under a single domain, while likewise having the ability to be utilized as a fully operating site that can even have dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe because as soon as claimed the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.

It is twice as safe due to the fact that this likewise means that the domain can not be blocked by anyone other than you, so your site is never at risk of being down due to censorship. The site for acquiring 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 2 main aspects, though it should be noted that buying a domain is a one-time expense and needs no annual renewals of any sort.

The first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you select, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are exceptional domains that cost 10s of thousands.

The next factor is the gas charges associated with using the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the deal to declare them can be found 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 overall.

What Are the Best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no annual renewal is exceptionally attractive thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone besides the owner.

The domains also have more performance than standard domains since they can be used to a payment router, but also used to develop websites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of smart agreements on your site. Is Namecoin Still Alive

Maybe the best and most enticing feature of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 different crypto properties, suggesting when you set it up you will just ever require to know 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 want to receive funds from.

 

Prospective Dealbreakers.

There is only one genuine prospective dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This may only be a dealbreaker because 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 costs. This is a one-time deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.