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domain name extensions that are connected to the blockchain…Unstoppable Domains How It Works… 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 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 always requires approval from that governing body however 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 nothing that needs any type of approval or consent you as the owner own your domain so in this video i want to describe to you whatever that you require to know as a beginner about unstoppable domain names ensure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration actually work i believe

people are going to be quite stunned that it’s way more complex and technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i state i can accredit due to the fact that you can’t get your domain names directly from i can which is once again the not-for-profit organization that handles the dns system you have to go through an icann certified domain register in order to get a domain which’s just how it works like you’re like why do i need to do that i don’t know why asking me those are simply the rules which’s what people have actually been providing for the last few years in order to get a domain so that’s why you need to pay a yearly fee on your domain names because you’re not really purchasing 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 manages that domain name extension which is then absolutely managed and organized by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Unstoppable Domains How It Works

is a verisign for example so all these different domain name extensions have different pc registries and the function of the computer registry is simply to manage the administrative information for that specific domain nft domain versus the conventional dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain computer registries then you have your icann certified domain name 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 particularly indicate a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents a special digital item in this instance 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 discover that you can’t geta.com.net.org why well you can’t you should already type of understand 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 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 tape-recording this video the main difference is that these 2 are connected to different block chains that’s it so you have Unstoppable Domains How It Works

 

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 developed and you have a bit more services and features developed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same personalized crypto addresses that can be set up as a payment entrance so this is the primary feature of unstoppable domain names clearly in time as like we have decentralized web host establish gradually it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized website currently it’s not truly possible i imply you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals engage with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto possessions.

Cons.

Have to spend ETH to claim domain.

Still some question as to 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 interact with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into location, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this manner they have prospered significantly, as they have actually produced a domain system that allows users to establish payments for 276 digital assets under a single domain, while likewise being able to be utilized as a totally working site that can even have dApps built onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe due to the fact that as soon as declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.

It is doubly safe due to the fact that this also suggests that the domain can not be obstructed by anyone aside from 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.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two primary factors, though it needs to be kept in mind that acquiring 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 vary from $20 USD to well over $1000 USD depending upon the domain you choose, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with shorter domains costing extra. In addition, there are superior domains that cost 10s of thousands.

The next aspect is the gas fees related to using the Ethereum blockchain to claim your domain, since 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 current expense of ETH and the network congestion at the time of the deal. 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 apart. The reality that it is a one-time purchase without any yearly renewal is very appealing thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody besides the owner.

The domains also have more performance than conventional domains since they can be used to a payment router, but likewise used to create sites with dApps built directly on them because they exist on the blockchain, allowing the use of smart agreements on your site. Unstoppable Domains How It Works

Perhaps the very best and most enticing function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto possessions, indicating as soon as you set it up you will just ever need to know 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 wish to get funds from.

 

Possible Dealbreakers.

There is only one real potential dealbreaker when it concerns using Unstoppable Domains, which is the expense 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 need to buy some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time deal fee, and unless you decide to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.