domain name extensions that are tied to the blockchain…What Is Domain In Domain Driven Design… 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 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 operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain name so in this video i wish to explain to you whatever that you need to referred to as a newbie about unstoppable domain make certain to inspect the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration really work i think
individuals are going to be rather shocked that it’s method more technical and complex than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re launching the domain name through a icann accredited domain register why do i say i can license because you can’t get your domain straight from i can which is once again the nonprofit company 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 just how it works like you resemble 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 need to pay an annual cost on your domain because you’re not really purchasing 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 pc registry that manages that domain extension which is then absolutely handled 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? What Is Domain In Domain Driven Design
is a verisign for example so all these various domain name extensions have different computer system registries and the role of the computer registry is just to manage the administrative information for that specific domain name nft domain names versus the standard dns system what’s the distinction well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain windows 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 particularly suggest a non-fungible token is just a piece of data 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 learn that you can’t geta.com.net.org why well you can’t you must currently sort of know why due to the fact that those are handled by verisign which is a domain name windows registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain names you can just get blockchain based domain names right now they only have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these two are tied to various block chains that’s it so you have What Is Domain In Domain Driven Design
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 services and functions built 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 tailored crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain undoubtedly in time as like we have decentralized web host develop over time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website currently it’s not actually possible i mean you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies way in which individuals interact with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than standard domains.
Supports 276 crypto properties.
Have to invest ETH to claim domain.
Still some question regarding whether Unstoppable Domains will attain 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 engage with crypto addresses. The goal 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 sites, except for crypto addresses.
In this way they have been successful greatly, as they have actually created a domain system that enables users to set up payments for 276 digital possessions under a single domain name, while also being able to be utilized as a fully working site that can even have dApps constructed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe because when claimed the domains exist under your address on blockchain, indicating they are as safe as the blockchain itself.
It is twice as safe since this likewise suggests that the domain can not be blocked by anyone besides you, so your website is never at risk of being down due to censorship. The site for buying the domains is safe too and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 primary aspects, though it must be noted that buying a domain is a one-time cost and requires no annual renewals of any sort.
The first element 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 cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are exceptional domains that cost tens of thousands.
The next factor is the gas charges related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to claim them comes in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the existing expense of ETH and the network blockage at the time of the deal. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Functions of Unstoppable Domains?
There are a few features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any yearly renewal is very attractive considering the way traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone aside from the owner.
The domains also have more functionality than standard domains because they can be utilized to a payment router, but also used to produce websites with dApps developed directly on them since they exist on the blockchain, allowing the use of smart contracts on your site. What Is Domain In Domain Driven Design
Possibly the best and most enticing function of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 different crypto assets, suggesting as soon as 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 easier not just for you, but for anyone who you wish to receive funds from.
There is only one genuine prospective dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost of claiming your domain with Ethereum.
This might just be a dealbreaker since you do not have any Ethereum at your address and require to acquire 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 deal charge, and unless you choose to sell/transfer your domain to someone else it will be the extra fee related to getting your domain.