domain name extensions that are connected to the blockchain…Unstoppable Domains On Ledger… 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 tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything constantly requires approval from that governing body however 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 approval you as the owner own your domain so in this video i want to discuss to you whatever that you need to called a novice about unstoppable domain names make certain to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration actually work i think
individuals are going to be rather stunned that it’s method more technical and complicated than you imagined 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 releasing the domain name through a icann licensed domain register why do i state i can license since you can’t get your domain straight from i can which is once again the not-for-profit organization that manages the dns system you need to go through an icann certified domain name register in order to get a domain name which’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 just 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 require to pay an annual charge on your domain due to the fact that you’re not in fact buying 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 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? Unstoppable Domains On Ledger
is a verisign for instance so all these different domain extensions have different windows registries and the role of the registry is just to manage the administrative information for that particular domain name 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 licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that particularly mean a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital item in this circumstances our domain dot crypto versus dot zill what’s the difference with these two 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 type of know why due to the fact that those are managed by verisign which is a domain registry which is managed by icann that becomes 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 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 connected to different block chains that’s it so you have Unstoppable Domains On Ledger
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 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 do with a dot zill however functionally speaking they are the same customized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain undoubtedly in time as like we have actually decentralized webhosting develop in time it will be possible to use like a decentralized domain name and a decentralized web host to create your own decentralized website currently it’s not really possible i suggest you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies way in which people interact with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than standard domains.
Supports 276 crypto possessions.
Need to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will accomplish prevalent adoption.
Some domains are still pre-sale just.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be easier for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.
In this manner they have actually prospered considerably, as they have created a domain system that allows users to establish payments for 276 digital possessions under a single domain name, while also having the ability to be used as a fully functioning website that can even have dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe due to the fact that once claimed the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.
It is twice as safe since this also suggests that the domain can not be blocked by anyone other than you, so your website is never at risk of being down due to censorship. The site for purchasing the domains is safe too and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a 2 main factors, though it needs to be kept in mind that buying a domain is a one-time cost and needs 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 upon the domain you choose, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.
The next aspect is the gas fees associated with utilizing the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the transaction to declare them comes in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend on the present expense of ETH and the network blockage at the time of the transaction. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the very best Functions of Unstoppable Domains?
There are a few features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any yearly renewal is very enticing thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody aside from the owner.
The domains also have more performance than standard domains because they can be utilized to a payment router, but also utilized to create websites with dApps constructed directly on them because they exist on the blockchain, allowing the use of smart contracts on your site. Unstoppable Domains On Ledger
Perhaps the very best and most enticing function of Unstoppable Domains is that is provides you a way to have one address for you to get 276 various crypto assets, 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 anyone who you wish to receive funds from.
There is only one real possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of declaring 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 buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. However, this is a one-time transaction fee, and unless you choose to sell/transfer your domain to another person it will be the additional cost connected with getting your domain.