domain name extensions that are tied to the blockchain…Unstoppable Domains Premium… instead of being tied 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 extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is managed and run by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply entirely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or authorization you as the owner own your domain name so in this video i want to explain to you everything that you require to called a beginner about unstoppable domain ensure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin 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 pictured 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 accredited domain name register why do i say i can license because you can’t get your domain directly from i can which is again the nonprofit organization that handles the dns system you have 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 have to do that i don’t know why asking me those are simply the guidelines and that’s what individuals have actually been providing for the last few years in order to get a domain so that’s why you need to pay an annual fee on your domain names because you’re not actually 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 registry that manages that domain name extension which is then completely 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 Premium
is a verisign for instance so all these various domain name extensions have various computer registries and the function of the windows registry is simply to manage the administrative information for that particular domain nft domain names versus the conventional 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 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 significance like you can’t jump in and change it but like what does that particularly suggest a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a special digital item in this circumstances our domain dot crypto versus dot zill what’s the distinction with these two so if you leap 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 sort of understand why due to the fact that those are handled by verisign which is a domain name registry which is managed by icann that’s 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 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 Premium
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 industrialized and you have a little bit more functions and services developed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain clearly with time as like we have actually decentralized webhosting develop gradually it will be possible to utilize like a decentralized domain name and a decentralized web host to produce your own decentralized site presently it’s not really possible i mean you can do it but it’s quite technical uh.
Pros.
One-time purchase of domain.
Simplifies method which individuals communicate with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than traditional domains.
Supports 276 crypto assets.
Cons.
Have to spend ETH to claim domain.
Still some concern as to whether Unstoppable Domains will accomplish extensive 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 requirement for it to be easier for users to communicate 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 find out IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually been successful significantly, as they have produced a domain system that permits users to set up payments for 276 digital properties under a single domain, while likewise being able to be utilized as a completely functioning website that can even have dApps built onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe since as soon as declared the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.
It is doubly safe because this also suggests that the domain can not be blocked by anybody besides you, so your website is never ever at risk of being down due to censorship. The website for purchasing 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 2 main elements, though it needs to be noted that purchasing a domain is a one-time expense and requires no yearly renewals of any sort.
The first factor is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you pick, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.
The next factor is the gas fees connected with utilizing the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the transaction to claim them comes in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend upon the current expense of ETH and the network blockage at the time of the transaction. Overall you can get most 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 features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no yearly renewal is extremely attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody besides the owner.
The domains also have more performance than traditional domains since they can be used to a payment router, but also used to create sites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your site. Unstoppable Domains Premium
Maybe the best and most enticing function of Unstoppable Domains is that is provides you a method to have one address for you to get 276 different crypto properties, meaning when you set it up you will only ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not just for you, but for anyone who you wish to get funds from.
Possible Dealbreakers.
There is only one real prospective dealbreaker when it pertains to using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.
This might only be a dealbreaker because you do not have any Ethereum at your address and need to acquire some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time transaction fee, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.