domain extensions that are tied to the blockchain…Slush Pool Namecoin… 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 connected to the silica blockchain which is an alternative to ethereum the advantage 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 always requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that needs any type of approval or consent you as the owner own your domain name so in this video i want to discuss to you whatever that you need to know as a novice about unstoppable domain make certain to inspect the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration really work i believe
individuals are going to be rather surprised that it’s way more technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re launching the domain name through a icann licensed domain register why do i state i can license due to the fact that you can’t get your domain names straight from i can which is again the nonprofit company that handles the dns system you need to go through an icann certified 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 people have actually been doing for the last few decades in order to get a domain name so that’s why you need to pay an annual cost on your domain names since you’re not in fact purchasing an owning domain what you’re doing is leasing their domain 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 completely handled 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? Slush Pool Namecoin
is a verisign for example so all these different domain name extensions have various computer system registries and the function of the computer system registry is simply to handle the administrative data for that specific domain nft domain names versus the standard dns system what’s the difference well the traditional dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain computer system 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 imply a non-fungible token is just 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 two 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 must currently kind of know why because those are managed by verisign which is a domain name windows registry which is managed 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 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 connected to different block chains that’s it so you have Slush Pool Namecoin
your dot crypto which is tied to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more industrialized and you have a bit more services and functions constructed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain undoubtedly in time as like we have actually decentralized web host develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website presently it’s not actually possible i indicate you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies way in which individuals interact with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than traditional domains.
Supports 276 crypto possessions.
Have to spend ETH to claim domain.
Still some question regarding whether Unstoppable Domains will attain prevalent adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a need for it to be easier for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into location, so users did not have 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 permits users to establish payments for 276 digital assets under a single domain, while likewise being able to be utilized as a totally operating website 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 appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that when claimed the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.
It is doubly safe since this also means that the domain can not be blocked by anyone besides you, so your site is never at risk of being down due to censorship. The website for buying 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 primary elements, though it ought to be noted that buying a domain is a one-time expense and requires no annual renewals of any sort.
The very 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 pick, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.
The next aspect is the gas fees connected with utilizing the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the deal to declare them is available in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the current cost of ETH and the network congestion at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the Best Functions of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no annual renewal is incredibly appealing considering the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone aside from the owner.
The domains also have more performance than standard domains because they can be utilized to a payment router, but likewise utilized to develop websites with dApps developed directly on them because they exist on the blockchain, allowing the use of clever contracts on your website. Slush Pool Namecoin
Possibly the best and most attractive function of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 various crypto possessions, meaning 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 simpler not just for you, but for anyone who you wish to receive funds from.
There is only one real potential dealbreaker when it concerns using Unstoppable Domains, and that is the expense of claiming 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 purchase some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time transaction charge, and unless you choose to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.