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domain extensions that are tied to the blockchain…Onename Keybase Namecoin… instead of being tied to the dns system specifically 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 just that they are decentralized so the dns system is managed and operated by icann so anything constantly requires approval from that governing body but 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 approval you as the owner own your domain name so in this video i wish to describe to you whatever that you need to called a novice about unstoppable domain make certain to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration actually work i think

individuals are going to be rather surprised that it’s way more technical and complicated than you thought of 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 launching the domain through a icann certified domain name register why do i say i can accredit since you can’t get your domain names straight from i can which is again the not-for-profit organization that handles the dns system you need to go through an icann licensed domain name register in order to get a domain name and that’s simply how it works like you resemble why do i need to do that i don’t know 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 name so that’s why you require to pay a yearly cost on your domain because 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 registry that handles that domain name extension which is then completely managed and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? Onename Keybase Namecoin

is a verisign for example so all these various domain name extensions have various computer system registries and the role of the computer system registry is just to handle the administrative information for that particular domain 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 icann you have your domain registries then you have your icann accredited domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that particularly mean a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents an unique digital item in this instance our domain dot crypto versus dot zill what’s the difference 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 must currently type of know why since those are managed by verisign which is a domain name computer 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 you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of taping this video the primary difference is that these 2 are connected to various block chains that’s it so you have Onename Keybase Namecoin

 

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 industrialized and you have a little bit more services and features developed 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 tailored crypto addresses that can be established as a payment entrance so this is the primary feature of unstoppable domain names clearly gradually as like we have decentralized web host develop over time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to create your own decentralized site presently it’s not actually possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will achieve 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 much easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually succeeded considerably, as they have actually developed a domain system that enables users to set up payments for 276 digital assets under a single domain name, while also being able to be used as a totally operating website that can even have dApps constructed 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 very safe since as soon as claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.

It is twice as safe since this also indicates that the domain can not be blocked by anyone other than you, so your website is never at risk of being down due to censorship. The site for buying the domains is safe also and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two primary elements, though it needs to be noted that acquiring a domain is a one-time expense and needs 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 expense is based upon domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.

The next aspect is the gas charges related to using the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the existing expense 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 functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase without any annual renewal is exceptionally appealing thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone other than the owner.

The domains likewise have more performance than conventional domains due to the fact that they can be used to a payment router, however likewise utilized to create websites with dApps built straight on them since they exist on the blockchain, allowing the use of wise agreements on your website. Onename Keybase Namecoin

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

 

Potential Dealbreakers.

There is only one genuine possible dealbreaker when it pertains to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This may just be a dealbreaker since you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time deal charge, and unless you choose to sell/transfer your domain to another person it will be the additional cost related to getting your domain.