domain extensions that are connected to the blockchain…Unstoppable Domains WordPress… instead of being tied to the dns system particularly you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain extension which is tied 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 controlled and operated 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 completely decentralized so there’s no governing body there’s nothing that requires any type of approval or consent you as the owner own your domain so in this video i wish to describe to you whatever that you need to referred to as a newbie about unstoppable domain ensure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration actually work i think
people are going to be rather surprised that it’s way more technical and complex than you thought of so when you go to someplace 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 due to the fact that you can’t get your domain directly from i can which is again the nonprofit organization that manages the dns system you have to go through an icann licensed domain register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i do not know why asking me those are simply the guidelines which’s what people have been providing for the last couple of decades in order to get a domain so that’s why you require to pay a yearly cost on your domain names since you’re not really purchasing 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 computer system 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 WordPress
is a verisign for instance so all these different domain extensions have different registries and the function of the pc registry is simply to handle the administrative data for that specific domain nft domain versus the standard dns system what’s the distinction 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 pc registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that particularly imply a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents a distinct digital product in this instance 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 learn that you can’t geta.com.net.org why well you can’t you should currently kind of understand why because those are handled by verisign which is a domain name computer system registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain names 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 primary distinction is that these 2 are tied to various block chains that’s it so you have Unstoppable Domains WordPress
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 bit more functions and services developed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain clearly over time as like we have decentralized web host develop over time it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized website presently it’s not truly possible i imply you can do it however it’s quite technical uh.
Pros.
One-time purchase of domain.
Streamlines method which people communicate with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than standard domains.
Supports 276 crypto assets.
Cons.
Have to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will accomplish prevalent adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a need 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 place, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.
In this manner they have been successful significantly, as they have actually developed a domain system that allows users to establish payments for 276 digital assets under a single domain name, while also being able to be used as a totally functioning site that can even have dApps constructed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that once declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.
It is two times as safe due to the fact that this likewise suggests that the domain can not be blocked by anybody besides you, so your site is never at risk of being down due to censorship. The website for purchasing the domains is safe also and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a 2 main aspects, though it ought to be noted that acquiring 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 cost is based on 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 premium domains that cost tens of thousands.
The next aspect is the gas fees associated with utilizing the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the existing cost of ETH and the network congestion at the time of the deal. Overall 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 features of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any annual renewal is exceptionally enticing considering the way conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone other than the owner.
The domains likewise have more performance than traditional domains since they can be used to a payment router, however also used to create websites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your website. Unstoppable Domains WordPress
Maybe the very best and most attractive function of Unstoppable Domains is that is provides you a way to have one address for you to get 276 various crypto assets, indicating once you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anybody who you wish to get funds from.
Prospective Dealbreakers.
There is only one real potential dealbreaker when it concerns using 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 claim your domain, or if for some reason you think it is unreasonable to pay the gas charges. However, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee related to getting your domain.