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domain name extensions that are connected to the blockchain…Mirror Image Crypto Domain… 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 extension which is connected 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 controlled and run by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based upon 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 permission you as the owner own your domain so in this video i wish to describe to you everything that you require to referred to as a novice about unstoppable domain names ensure to examine the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration really work i think

individuals are going to be quite stunned that it’s method more complex and technical than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re launching the domain name through a icann certified domain register why do i state i can accredit because you can’t get your domain directly from i can which is again the not-for-profit organization that manages the dns system you have to go through an icann licensed domain name register in order to get a domain and that’s just how it works like you resemble why do i need to do that i don’t know why asking me those are just the rules and that’s what people have been doing for the last few years in order to get a domain so that’s why you require to pay an annual cost on your domain since you’re not in fact buying an owning domain name 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 computer system registry that manages that domain name extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Mirror Image Crypto Domain

is a verisign for instance so all these various domain name extensions have different computer registries and the function of the windows registry is simply to handle the administrative data for that specific domain name nft domain names 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 actually icann you have your domain registries then you have your icann licensed domain 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 specifically mean a non-fungible token is simply a piece of information found 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 difference with these two 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 should already sort of understand why due to the fact that those are handled by verisign which is a domain name 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 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 primary difference is that these two are tied to various block chains that’s it so you have Mirror Image Crypto Domain

 

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 industrialized and you have a little bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain names certainly gradually as like we have decentralized web host establish over time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to produce your own decentralized website currently it’s not actually possible i indicate you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people interact with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than conventional domains.

Supports 276 crypto assets.

Cons.

Have to spend 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 existing CEO, who saw a requirement for it to be much easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.

In this way they have been successful significantly, as they have developed a domain system that permits users to establish payments for 276 digital assets under a single domain name, while likewise having the ability to be utilized as a completely operating website that can even have actually dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an interesting 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 secure as the blockchain itself.

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

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary aspects, though it must be noted that buying a domain is a one-time expense and requires no annual renewals of any sort.

The first aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you pick, as expense is based on 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 superior domains that cost 10s of thousands.

The next element is the gas costs related to utilizing the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the transaction to claim them is available in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend on the existing expense of ETH and the network blockage at the time of the deal. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Functions of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand out. The truth that it is a one-time purchase without any yearly renewal is incredibly enticing thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anybody besides the owner.

The domains also have more performance than traditional domains because they can be used to a payment router, however also used to create sites with dApps constructed straight on them because they exist on the blockchain, allowing the use of wise contracts on your website. Mirror Image Crypto Domain

Perhaps the best and most attractive function of Unstoppable Domains is that is provides you a method to have one address for you to get 276 various crypto properties, indicating as soon as you set it up you will only ever require to know 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 get funds from.

 

Potential Dealbreakers.

There is only one real possible dealbreaker when it comes to using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.

This might just 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 claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time deal charge, and unless you decide to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.