domain name extensions that are connected to the blockchain…Namecoin Wat Is?… 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 name extension which is tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name 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 just entirely decentralized so there’s no governing body there’s nothing that needs any kind of approval or permission you as the owner own your domain so in this video i wish to discuss to you whatever that you require to referred to as a novice about unstoppable domain names make sure to examine the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration actually work i think
people are going to be quite shocked that it’s way more technical and complicated than you envisioned 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 releasing the domain through a icann licensed domain name register why do i say i can license because you can’t get your domain names straight from i can which is once again the nonprofit company that handles the dns system you have 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 need to do that i do not understand why asking me those are simply the rules and that’s what individuals have been doing for the last couple of decades in order to get a domain name so that’s why you require to pay a yearly fee on your domain names due to the fact that you’re not actually 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 pc registry that handles that domain extension which is then completely managed 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 Wat Is?
is a verisign for example so all these various domain name extensions have different windows registries and the function of the computer registry is just to manage the administrative data for that particular domain nft domain 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 icann you have your domain pc registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that specifically imply a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item 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 discover that you can’t geta.com.net.org why well you can’t you should already sort of know why because those are handled by verisign which is a domain pc registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain 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 recording this video the main distinction is that these two are tied to different block chains that’s it so you have Namecoin Wat Is?
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 little bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill however 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 names undoubtedly 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 webhosting to produce your own decentralized site currently it’s not truly possible i imply you can do it however it’s pretty technical uh.
One-time purchase of domain.
Streamlines way in which individuals connect with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than conventional domains.
Supports 276 crypto assets.
Have to invest ETH to claim domain.
Still some concern as to whether Unstoppable Domains will achieve widespread 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 requirement for it to be much easier for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually been successful significantly, as they have produced a domain system that allows users to establish payments for 276 digital properties under a single domain name, while likewise being able to be used as a fully functioning website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe since once declared the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.
It is doubly safe since this likewise suggests 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 acquiring the domains is safe too and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a 2 main elements, though it ought to be kept in mind that purchasing a domain is a one-time cost and needs no annual renewals of any sort.
The very first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.
The next factor is the gas fees related to utilizing the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not consisted of in your preliminary purchase. The gas fees you will pay will depend upon the existing cost of ETH and the network blockage at the time of the transaction. In general 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 features of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no yearly renewal is extremely enticing thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone besides the owner.
The domains also have more performance than traditional domains since they can be utilized to a payment router, but likewise utilized to develop sites with dApps constructed directly on them because they exist on the blockchain, allowing the use of smart contracts on your website. Namecoin Wat Is?
Possibly the very best and most appealing function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto possessions, indicating when you set it up you will only 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 just for you, but for anybody who you want to receive funds from.
There is only one genuine prospective dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.
This might only be a dealbreaker since you do not have any Ethereum at your address and require to purchase 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 cost, and unless you choose to sell/transfer your domain to someone else it will be the extra charge associated with getting your domain.