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domain extensions that are tied to the blockchain…Namecoin Core Wallet… 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 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 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 entirely decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or consent you as the owner own your domain so in this video i want to explain to you everything that you need to know as a novice about unstoppable domain names ensure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration actually work i think

people are going to be quite surprised that it’s way more technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain name through a icann accredited domain register why do i say i can license because you can’t get your domain names directly from i can which is again the not-for-profit company that handles the dns system you have to go through an icann licensed domain name register in order to get a domain which’s simply how it works like you resemble why do i have to do that i don’t know why asking me those are simply the guidelines and that’s what individuals have actually 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 because 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 registry that manages that domain extension which is then absolutely 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? Namecoin Core Wallet

is a verisign for instance so all these various domain name extensions have different computer registries and the function of the registry is simply to manage the administrative data for that specific domain nft domain names versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain computer system 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 particularly mean a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a special digital product in this circumstances our domain dot crypto versus dot zill what’s the distinction with these two so if you leap 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 currently type of understand why because those are managed by verisign which is a domain name registry which is managed by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain today they only have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these 2 are tied to different block chains that’s it so you have Namecoin Core Wallet

 

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 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 feature of unstoppable domain undoubtedly 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 presently it’s not really possible i mean you can do it but 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 performance than standard domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

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

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current 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 location, so users did not need to discover IP addresses in order to get to sites, except for crypto addresses.

In this way they have succeeded considerably, as they have 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 used as a totally functioning website that can even have dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

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

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary elements, though it needs to be noted that purchasing a domain is a one-time expense and requires no yearly renewals of any sort.

The very first element is the expense of the domain itself, this can range 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, with shorter domains costing additional. In addition, there are exceptional domains that cost tens of thousands.

The next aspect is the gas costs connected with using the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not included in your initial purchase. The gas costs you will pay will depend upon the present cost of ETH and the network congestion 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 very best Functions of Unstoppable Domains?

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

The domains likewise have more performance than conventional domains since they can be utilized to a payment router, however also utilized to produce sites with dApps built straight on them because they exist on the blockchain, allowing the use of smart contracts on your website. Namecoin Core Wallet

Possibly the very best and most attractive feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto assets, suggesting when you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not only for you, but for anybody who you wish to get funds from.

 

Possible Dealbreakers.

There is only one genuine potential dealbreaker when it concerns using Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.

This may just be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. Nevertheless, this is a one-time deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional fee related to getting your domain.