domain name extensions that are tied to the blockchain…Namecoin Pool… instead of being connected to the dns system particularly you can get a dot crypto which is connected 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 benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is controlled and operated by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that needs any type of approval or authorization you as the owner own your domain so in this video i want to discuss to you everything that you need 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 believe
individuals are going to be quite surprised that it’s method more technical and complicated than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re launching the domain through a icann accredited domain register why do i state i can certify since you can’t get your domain directly from i can which is again the not-for-profit company that manages the dns system you need to go through an icann accredited domain register in order to get a domain and that’s just how it works like you’re like why do i have to do that i do not understand why asking me those are just the rules which’s what people have actually been providing for the last couple of decades in order to get a domain so that’s why you need to pay an annual fee on your domain names due to the fact that you’re not really buying an owning domain name 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 system 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 computer registry for that extension
Is unstoppable domains on Ethereum? Namecoin Pool
is a verisign for instance so all these different domain name extensions have various computer system registries and the function of the computer registry is simply to handle the administrative information for that specific domain 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 icann you have your domain windows registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that particularly mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a distinct digital item in this instance our domain names 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 should already kind of understand why due to the fact that those are managed by verisign which is a domain name windows registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of recording this video the main difference is that these two are tied to various block chains that’s it so you have Namecoin Pool
your dot crypto which is connected to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more developed and you have a little bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill however functionally speaking they are the same tailored crypto addresses that can be set up as a payment gateway so this is the primary feature of unstoppable domain names certainly over time as like we have decentralized webhosting establish with time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized website currently it’s not really possible i mean you can do it however it’s quite technical uh.
One-time purchase of domain.
Simplifies method which people interact with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than conventional domains.
Supports 276 crypto assets.
Need to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will achieve 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 easier for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.
In this way they have actually prospered significantly, as they have developed a domain system that enables users to set up payments for 276 digital possessions under a single domain, while also having the ability to be utilized as a totally operating website that can even have dApps built onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe due to the fact that once claimed the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.
It is doubly safe because this also implies that the domain can not be blocked by anybody other than you, so your website is never at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a two main factors, though it needs to be kept in mind that acquiring a domain is a one-time cost and requires no annual renewals of any sort.
The first factor is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on 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 10s of thousands.
The next aspect is the gas fees related to using the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the current expense of ETH and the network blockage at the time of the transaction. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the very best Functions of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any yearly renewal is incredibly appealing thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone aside from the owner.
The domains also have more functionality than traditional domains because they can be used to a payment router, however also utilized to produce sites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Namecoin Pool
Maybe the best and most enticing feature of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 different crypto assets, meaning as soon as you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anyone who you wish to receive funds from.
There is only one genuine potential dealbreaker when it concerns utilizing Unstoppable Domains, which is the expense 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 claim your domain, or if for some reason you think it is unreasonable to pay the gas charges. This is a one-time transaction charge, and unless you choose to sell/transfer your domain to somebody else it will be the additional fee associated with getting your domain.