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domain extensions that are tied to the blockchain…Unstoppable Domains Funding… 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 benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and run 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 kind of approval or permission you as the owner own your domain so in this video i want to explain to you everything that you need to referred to as a novice about unstoppable domain names ensure to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration in fact work i believe

people are going to be quite surprised that it’s way more technical and complicated than you thought of 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 releasing the domain name through a icann licensed domain name register why do i state i can accredit due to the fact that you can’t get your domain directly from i can which is once again the nonprofit company that handles the dns system you need to go through an icann certified domain register in order to get a domain name which’s simply how it works like you resemble why do i need to do that i do not know why asking me those are just the guidelines which’s what individuals have actually been doing for the last couple of years in order to get a domain name so that’s why you need to pay an annual charge on your domain names because you’re not really buying an owning domain 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 managed and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension

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is a verisign for instance so all these various domain name extensions have different windows registries and the role of the computer system registry is just to handle the administrative information for that specific domain name nft domain names versus the traditional dns system what’s the difference well the standard dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain pc 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 specifically mean a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this instance our domain names dot crypto versus dot zill what’s the distinction with these 2 so if you jump 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 need to already sort 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 types of domain through unstoppable domain 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 tied to various block chains that’s it so you have Unstoppable Domains Funding

 

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 developed and you have a little bit more services and functions 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 set up as a payment gateway so this is the primary feature of unstoppable domain names undoubtedly gradually as like we have decentralized webhosting develop gradually it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized site presently it’s not truly possible i suggest you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals interact with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than conventional domains.

Supports 276 crypto properties.

Cons.

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 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 place, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have been successful greatly, as they have created a domain system that permits users to establish payments for 276 digital possessions under a single domain name, while likewise being able to be utilized as a fully functioning website that can even have dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe because once declared the domains exist under your address on blockchain, suggesting they are as safe as the blockchain itself.

It is two times as safe because this also implies that the domain can not be blocked by anybody other than you, so your website is never at risk of being down due to censorship. The website for acquiring the domains is safe as well and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary aspects, though it needs to be noted that acquiring a domain is a one-time expense and requires no yearly renewals of any sort.

The very first aspect is the cost of the domain itself, this can vary 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, with shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next aspect is the gas costs connected with using the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the transaction to claim them comes in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the existing cost of ETH and the network blockage at the time of the deal. 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 with no annual renewal is incredibly attractive thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody other than the owner.

The domains also have more functionality than conventional domains due to the fact that they can be used to a payment router, however also used to develop sites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Unstoppable Domains Funding

Possibly the very best and most attractive feature of Unstoppable Domains is that is provides you a way to have one address for you to get 276 various crypto properties, implying once you set it up you will only ever require 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 anybody who you wish to receive funds from.

 

Prospective Dealbreakers.

There is only one genuine potential dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This might just be a dealbreaker due to the fact that 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. However, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the extra fee connected with getting your domain.