domain name extensions that are tied to the blockchain…Unstoppable Domains Names… instead of being tied to the dns system particularly you can get a dot crypto which is connected 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 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 needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just 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 discuss to you whatever that you require to know as a beginner about unstoppable domain ensure to inspect the links in the description for time stamps and any resources discussed 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 method more complex and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re launching the domain name through a icann accredited domain register why do i say i can certify due to the fact that you can’t get your domain 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 accredited domain register in order to get a domain which’s simply how it works like you’re like why do i have to do that i don’t understand why asking me those are just the rules which’s what people have been doing for the last few years in order to get a domain name so that’s why you require to pay an annual cost on your domain names because you’re not in fact buying an owning domain name 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 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 pc registry for that extension
Is unstoppable domains on Ethereum? Unstoppable Domains Names
is a verisign for example so all these different domain extensions have different computer registries and the function of the registry is simply to handle the administrative information for that particular domain nft domain versus the traditional dns system what’s the difference well the standard dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that specifically 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 circumstances 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 find out that you can’t geta.com.net.org why well you can’t you ought to currently type of understand why since those are managed by verisign which is a domain pc registry which is managed by icann that’s part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain names today they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these two are tied to different block chains that’s it so you have Unstoppable Domains Names
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 functions and services built 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 personalized crypto addresses that can be established as a payment entrance so this is the primary feature of unstoppable domain undoubtedly with time as like we have decentralized web host develop gradually 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 actually possible i suggest you can do it but it’s quite technical uh.
One-time purchase of domain.
Streamlines way in which people communicate with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than traditional domains.
Supports 276 crypto possessions.
Have to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will achieve extensive adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a requirement for it to be simpler for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.
In this way they have succeeded significantly, as they have created a domain system that enables users to set up payments for 276 digital assets under a single domain name, while also having the ability to be utilized as a fully operating site that can even have dApps constructed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an interesting 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, indicating they are as safe as the blockchain itself.
It is doubly safe since this also implies that the domain can not be obstructed by anyone besides you, so your site 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 expense of Unstoppable Domains depends on a 2 main aspects, though it should be kept in mind that acquiring a domain is a one-time cost and requires no annual renewals of any sort.
The very first aspect is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, 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 extra. In addition, there are superior domains that cost 10s of thousands.
The next factor is the gas costs associated with utilizing the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the deal 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 current expense of ETH and the network blockage at the time of the transaction. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the Best Features of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stick out. The fact that it is a one-time purchase with no yearly renewal is incredibly attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody other than the owner.
The domains likewise have more performance than traditional domains because they can be used to a payment router, but likewise used to create sites with dApps constructed directly on them since they exist on the blockchain, allowing the use of clever contracts on your website. Unstoppable Domains Names
Possibly the best and most enticing feature of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 different crypto assets, indicating when you set it up you will only ever need 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 anybody who you want to get funds from.
There is only one real potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This may only 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 believe it is unreasonable to pay the gas charges. This is a one-time deal charge, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.