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domain name extensions that are connected to the blockchain…Namecoin Developer… instead of being tied to the dns system specifically you can get a dot crypto which is connected 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 benefit 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 always 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 type of approval or consent you as the owner own your domain so in this video i want to explain to you whatever that you need to know as a novice about unstoppable domain ensure to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration in fact work i think

people are going to be rather stunned that it’s method more complicated and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really buying the domain name what you’re doing is you’re launching the domain name through a icann certified domain register why do i say i can certify since you can’t get your domain names straight from i can which is once again the not-for-profit organization that manages the dns system you have to go through an icann accredited domain name register in order to get a domain which’s simply how it works like you resemble why do i need to do that i don’t know why asking me those are simply the rules and that’s what people have been providing for the last few decades in order to get a domain name so that’s why you need to pay an annual fee on your domain names due to the fact that you’re not in fact buying an owning domain 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 managed and organized 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 Developer

is a verisign for instance so all these different domain name extensions have various windows registries and the function of the computer registry is simply to handle the administrative data for that specific domain name nft domain names versus the standard dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain computer system registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it however like what does that particularly suggest a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents a special digital product in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these 2 so if you jump over to unstoppabledomainnames.com link in the description you’re going to discover that you can’t geta.com.net.org why well you can’t you ought to currently kind of understand why because those are handled by verisign which is a domain name 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 names you can just get blockchain based domain names today they just have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these two are tied to various block chains that’s it so you have Namecoin Developer

 

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 developed and you have a bit more services and features 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 personalized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain undoubtedly with time as like we have actually decentralized webhosting establish over time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized site currently it’s not really possible i indicate you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals engage with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish prevalent 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 simpler for users to connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.

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

Is Unstoppable Domains Safe?

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

It is two times as safe since this likewise implies that the domain can not be blocked by anybody other than 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 protected with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 main aspects, though it should be noted that acquiring a domain is a one-time cost and needs no yearly renewals of any sort.

The very first aspect 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 upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next factor is the gas fees connected with utilizing the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the existing cost of ETH and the network congestion at the time of the transaction. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Features of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no annual renewal is incredibly enticing considering the method standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody besides the owner.

The domains also have more functionality than conventional domains since they can be utilized to a payment router, but also used to develop websites with dApps built straight on them because they exist on the blockchain, allowing the use of clever contracts on your site. Namecoin Developer

Possibly the best and most appealing function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto properties, suggesting once you set it up you will just ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not just for you, but for anyone who you want to get funds from.

 

Possible Dealbreakers.

There is only one real possible dealbreaker when it comes to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This might just be a dealbreaker since 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. However, this is a one-time transaction charge, and unless you choose to sell/transfer your domain to someone else it will be the extra charge associated with getting your domain.