domain extensions that are connected to the blockchain…Unstoppable Domains Or Ens… instead of being connected to the dns system specifically you can get a dot crypto which is connected 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 simply 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 entirely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or permission you as the owner own your domain so in this video i want to discuss to you everything that you need to called a newbie about unstoppable domain make sure to examine the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration really work i believe
people are going to be quite surprised that it’s method more technical and complex than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re launching the domain name through a icann certified domain name register why do i say i can license since you can’t get your domain names directly from i can which is once again the nonprofit organization that manages the dns system you need to go through an icann certified domain 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 guidelines and that’s what people have been doing for the last couple of decades in order to get a domain so that’s why you need to pay an annual fee on your domain names since you’re not really buying an owning domain name what you’re doing is leasing their domain 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 name extension which is then totally managed and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension
Is unstoppable domains on Ethereum? Unstoppable Domains Or Ens
is a verisign for instance so all these various domain extensions have various registries and the function of the computer registry is simply to handle the administrative data for that specific domain name nft domain names versus the standard dns system what’s the difference well the conventional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain windows registries then you have your icann licensed domain 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 indicate a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a special digital product in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these two 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 need to currently type of understand why because those are handled by verisign which is a domain name computer registry which is handled 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 only have a dot crypto in dot zo at the time of recording this video the main difference is that these two are connected to various block chains that’s it so you have Unstoppable Domains Or Ens
your dot crypto which is tied 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 constructed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however functionally speaking they are the same personalized crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain certainly in time as like we have decentralized web host develop in time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to create your own decentralized website currently it’s not truly possible i suggest you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which individuals engage with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than conventional domains.
Supports 276 crypto possessions.
Need to spend ETH to claim domain.
Still some question 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 existing CEO, who saw a requirement for it to be easier for users to communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually been successful significantly, as they have actually developed a domain system that enables users to set up payments for 276 digital possessions under a single domain name, while likewise having the ability to be used as a fully operating site that can even have actually dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe since as soon as declared the domains exist under your address on blockchain, meaning they are as protected as the blockchain itself.
It is two times as safe since this likewise 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 acquiring the domains is safe as well and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a two main aspects, though it should be kept in mind that buying a domain is a one-time cost and needs no annual renewals of any sort.
The first factor is the cost of the domain itself, this can vary 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 example), and the length of the domain name, with shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.
The next element is the gas costs related to utilizing the Ethereum blockchain to declare your domain, because the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend upon the existing 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 very best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The reality that it is a one-time purchase with no annual renewal is very attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone aside from the owner.
The domains also have more performance than traditional domains due to the fact that they can be used to a payment router, but also used to develop websites with dApps constructed directly on them since they exist on the blockchain, allowing the use of smart agreements on your website. Unstoppable Domains Or Ens
Possibly the best and most attractive function of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 various crypto properties, suggesting once you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not only for you, but for anybody who you want to receive funds from.
There is only one real possible dealbreaker when it concerns utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.
This might just be a dealbreaker because you do not have any Ethereum at your address and require to purchase some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time deal charge, and unless you choose to sell/transfer your domain to somebody else it will be the additional cost associated with getting your domain.