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domain extensions that are tied to the blockchain…Namecoin Addnode… 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 extensions is simply 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 upon the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or approval you as the owner own your domain name so in this video i wish to discuss to you whatever that you require to called a novice about unstoppable domain names make certain to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration in fact work i believe

people are going to be quite surprised that it’s method more complicated and technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re launching the domain name through a icann certified domain register why do i state i can license since 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 need to go through an icann certified domain 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 know why asking me those are just the rules and that’s what individuals have been providing for the last few decades in order to get a domain so that’s why you require to pay an annual charge on your domain because you’re not in fact purchasing an owning domain name 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 registry that handles that domain extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Namecoin Addnode

is a verisign for example so all these various domain name extensions have different computer registries and the function of the pc registry is just to manage the administrative information for that specific domain nft domain names versus the traditional dns system what’s the distinction well the conventional dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain pc 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 however like what does that specifically indicate a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents a special digital item in this instance our domain 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 ought to currently sort of understand why due to the fact that those are handled by verisign which is a domain 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 today they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are tied to different block chains that’s it so you have Namecoin Addnode

 

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 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 finish with a dot zill however functionally speaking they are the same tailored crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain names clearly in time as like we have decentralized web host develop over time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to produce your own decentralized site currently it’s not really possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals engage with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than standard domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

Still some question as to whether Unstoppable Domains will achieve extensive 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 requirement for it to be simpler for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.

In this way they have succeeded considerably, as they have actually created a domain system that permits users to set up payments for 276 digital assets under a single domain, while also being able to be utilized as a completely working website that can even have dApps developed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since when claimed the domains exist under your address on blockchain, suggesting they are as safe and secure as the blockchain itself.

It is twice as safe since this also implies that the domain can not be blocked by anybody other than you, so your site is never ever at risk of being down due to censorship. The website for purchasing the domains is safe also and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two main factors, though it must be kept in mind that buying a domain is a one-time expense and needs no annual renewals of any sort.

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

The next aspect is the gas costs connected with using the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas fees you will pay will depend upon the present expense of ETH and the network blockage 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 functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase with no yearly renewal is very attractive thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone other than the owner.

The domains also have more performance than traditional domains since they can be utilized to a payment router, however also used to develop sites with dApps developed directly on them since they exist on the blockchain, allowing the use of smart contracts on your site. Namecoin Addnode

Perhaps the very best and most enticing feature of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto properties, meaning as soon as you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anyone who you wish to receive funds from.

 

Potential Dealbreakers.

There is only one genuine potential dealbreaker when it pertains to using Unstoppable Domains, and that is the cost of declaring 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 declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time deal fee, and unless you choose to sell/transfer your domain to another person it will be the additional fee related to getting your domain.