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domain name extensions that are tied to the blockchain…Namecoin 2018… instead of being tied 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 name extension which is tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and run by icann so anything constantly needs 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 type of approval or authorization you as the owner own your domain name so in this video i wish to discuss to you whatever that you require to referred to as a beginner about unstoppable domain ensure to check the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration in fact work i think

people are going to be rather surprised that it’s way more technical and complex than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i state i can certify because you can’t get your domain directly from i can which is once again the not-for-profit organization that manages the dns system you have to go through an icann certified domain name register in order to get a domain and that’s simply how it works like you’re like why do i need to do that i do not know why asking me those are just the guidelines and that’s what people have been providing for the last couple of years in order to get a domain so that’s why you require to pay a yearly cost on your domain 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 computer system registry that handles that domain name extension which is then completely managed 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? Namecoin 2018

is a verisign for instance so all these various domain name extensions have various windows registries and the role of the pc registry is simply to handle the administrative data for that particular domain nft domain names 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 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 but like what does that specifically imply 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 instance our domain 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 find out that you can’t geta.com.net.org why well you can’t you must currently kind of understand why because those are managed by verisign which is a domain computer system registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain you can just get blockchain based domain names today they only have a dot crypto in dot zo at the time of taping this video the main difference is that these 2 are connected to different block chains that’s it so you have Namecoin 2018

 

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 bit more features and services developed 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 main function of unstoppable domain undoubtedly over time as like we have decentralized webhosting establish over time it will be possible to use like a decentralized domain and a decentralized webhosting to create your own decentralized website presently it’s not truly possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals engage with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish widespread adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be simpler for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this manner they have been successful significantly, as they have actually developed a domain system that allows users to establish payments for 276 digital properties under a single domain name, while also having the ability to be utilized as a totally working site that can even have dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is two times as safe since this also implies that the domain can not be obstructed by anyone other than you, so your site is never at risk of being down due to censorship. The website for buying the domains is safe also and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 main factors, though it ought to be noted that purchasing a domain is a one-time expense and needs no yearly 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 pick, as cost is based upon domain type (. crypto is more than.wallet for instance), 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 aspect is the gas fees related to utilizing the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the deal to declare them comes in ETH and is not consisted of in your initial purchase. The gas charges 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 few functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase without any annual renewal is very enticing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody other than the owner.

The domains likewise have more functionality than standard domains because they can be utilized to a payment router, but likewise utilized to create sites with dApps constructed straight on them since they exist on the blockchain, allowing the use of smart contracts on your website. Namecoin 2018

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

 

Possible Dealbreakers.

There is only one real prospective dealbreaker when it comes to using Unstoppable Domains, and that is the expense 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 need to purchase 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 decide to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.