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domain name extensions that are connected to the blockchain…Namecoin Reddit… 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 just that they are decentralized so the dns system is controlled and operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on 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 approval you as the owner own your domain so in this video i want to explain to you everything that you require to referred to as a newbie about unstoppable domain make sure 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

individuals are going to be quite surprised that it’s method more complex and technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re launching the domain through a icann licensed domain register why do i say i can license since you can’t get your domain names directly from i can which is once again the nonprofit organization that handles the dns system you have to go through an icann licensed domain register in order to get a domain and that’s just how it works like you resemble why do i need to do that i do not understand why asking me those are just the rules which’s what individuals have actually been providing for the last few decades in order to get a domain so that’s why you need to pay a yearly charge on your domain since you’re not actually 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 windows registry that handles that domain extension which is then absolutely handled and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Namecoin Reddit

is a verisign for example so all these different domain name extensions have different pc registries and the function of the computer registry is simply to manage the administrative data for that particular domain name nft domain versus the traditional 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 computer registries then you have your icann accredited domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that particularly suggest a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents an unique digital product in this instance our domain dot crypto versus dot zill what’s the difference with these 2 so if you leap 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 need to already kind of know why because those are managed by verisign which is a domain pc registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these two are connected to various block chains that’s it so you have Namecoin Reddit

 

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 developed and you have a bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the primary feature of unstoppable domain clearly with time as like we have actually decentralized webhosting develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website currently it’s not actually possible i indicate you can do it but it’s quite 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 invest ETH to claim domain.

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

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement 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 came into 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 been successful greatly, as they have actually developed a domain system that permits users to set up payments for 276 digital assets under a single domain name, while likewise having the ability to be used as a totally operating website that can even have actually dApps built onto them due to the fact that 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 since once claimed the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.

It is doubly 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 also and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two main aspects, though it ought to be noted that acquiring a domain is a one-time expense and needs no annual renewals of any sort.

The very first aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, 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 superior domains that cost tens of thousands.

The next element is the gas charges related to utilizing the Ethereum blockchain to claim your domain, since the domains are kept on the Ethereum blockchain, the deal to declare them is available in ETH and is not consisted of in your preliminary 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 likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very 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 appealing considering the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody other than the owner.

The domains likewise have more performance than traditional domains because they can be utilized to a payment router, but also used to create websites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your website. Namecoin Reddit

Possibly the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto possessions, suggesting 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 established for each cryptocurrency. It is much easier not just for you, but for anyone who you want to receive funds from.

 

Prospective Dealbreakers.

There is only one real potential dealbreaker when it comes to using Unstoppable Domains, which is the expense of declaring your domain with Ethereum.

This may just be a dealbreaker due to the fact that 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 believe it is unreasonable to pay the gas costs. This is a one-time deal fee, and unless you choose to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.