domain name extensions that are tied to the blockchain…Unstoppable Domains Auction… 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 connected 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 managed and run by icann so anything constantly needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or authorization you as the owner own your domain so in this video i wish to describe to you everything that you need to called a newbie about unstoppable domain make certain to check the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration actually work i believe
individuals are going to be quite stunned that it’s way more complex and technical than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain name through a icann licensed domain register why do i say i can license because you can’t get your domain names directly from i can which is once again the nonprofit company that manages 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’re like why do i need to do that i do not know why asking me those are simply the rules which’s what individuals have been doing for the last couple of decades in order to get a domain name so that’s why you need to pay a yearly charge on your domain due to the fact that you’re not really buying an owning domain 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 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? Unstoppable Domains Auction
is a verisign for instance so all these various domain extensions have various pc registries and the role of the pc registry is simply to manage the administrative information for that specific domain nft domain versus the standard dns system what’s the difference well the traditional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain computer registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning 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 information discovered on a blockchain that is verifiable and represents a special digital item in this circumstances our domain names 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 learn that you can’t geta.com.net.org why well you can’t you need to already type of know why due to the fact that those are handled by verisign which is a domain pc registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can just get blockchain based domain right now they only have a dot crypto in dot zo at the time of taping this video the primary difference is that these two are connected to various block chains that’s it so you have Unstoppable Domains Auction
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 industrialized and you have a little bit more functions and services developed 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 individualized crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain undoubtedly in time as like we have decentralized web host develop over time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized site presently it’s not really possible i suggest you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which people engage with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than traditional domains.
Supports 276 crypto possessions.
Need to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve extensive adoption.
Some domains are still pre-sale just.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a requirement for it to be much easier for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to find out IP addresses in order to get to websites, except for crypto addresses.
In this manner they have succeeded greatly, as they have actually produced a domain system that allows users to establish payments for 276 digital assets under a single domain name, while likewise having the ability to be utilized as a completely working site that can even have dApps developed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe due to the fact that as soon as claimed the domains exist under your address on blockchain, indicating they are as protected as the blockchain itself.
It is doubly safe due to the fact that this likewise means that the domain can not be obstructed by anybody aside from you, so your site is never at risk of being down due to censorship. The site for buying the domains is safe as well and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 main elements, though it should be noted that buying a domain is a one-time expense and needs no annual renewals of any sort.
The first factor is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you select, as cost is based on 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 connected with using the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to declare them can be found in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend upon the current cost of ETH and the network blockage 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 Best Functions of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no annual renewal is exceptionally enticing considering the way standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone other than the owner.
The domains likewise have more functionality than standard domains because they can be used to a payment router, but also utilized to create sites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of smart agreements on your website. Unstoppable Domains Auction
Maybe the very best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto possessions, implying 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 much easier not only for you, but for anyone who you wish to receive funds from.
There is only one genuine prospective dealbreaker when it concerns using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This may only be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas charges. This is a one-time deal fee, and unless you decide to sell/transfer your domain to somebody else it will be the extra cost associated with getting your domain.