This is where Unstoppable Domains intends to help drive adoption of crypto with their blockchain domains. Blockchain.Com Domain…These domains can not only be used as fully functional web pages, with decentralized applications (dApps) built-in, however also as a payment hub address where users can receive over 275 different crypto coins and tokens. By giving complex crypto addresses a human readable name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain names is a san francisco-based business that is providing domain extensions that are tied to the blockchain instead of being connected 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 benefit 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 requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or authorization you as the owner own your domain so in this video i wish to describe to you whatever that you need to called a newbie about unstoppable domain names ensure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration actually work i think
people are going to be rather surprised that it’s method more technical and complex than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re releasing the domain through a icann accredited domain name register why do i say i can certify because you can’t get your domain names straight from i can which is again the not-for-profit company that manages the dns system you need to go through an icann certified domain register in order to get a domain which’s just how it works like you’re like why do i need to do that i don’t understand why asking me those are simply the rules and that’s what people have actually been providing for the last couple of decades in order to get a domain so that’s why you require to pay an annual charge on your domain because you’re not actually purchasing 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 computer registry that handles that domain extension which is then absolutely 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? Blockchain.Com Domain
is a verisign for example so all these different domain extensions have different pc registries and the function of the computer registry is just to handle the administrative data 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 accredited domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that specifically indicate a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents a distinct digital product in this circumstances our domain dot crypto versus dot zill what’s the difference with these 2 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 should already type of understand why since those are managed by verisign which is a domain pc registry which is managed by icann that becomes part of the dns system that’s why you can’t get those types of domain 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 primary distinction is that these two are tied to various block chains that’s it so you have Blockchain.Com Domain
your dot crypto which is connected to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more industrialized and you have a little bit more features and services constructed 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 tailored crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain clearly in 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 webhosting to create your own decentralized website currently it’s not really possible i indicate you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which people communicate with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than traditional domains.
Supports 276 crypto properties.
Need to invest 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 current CEO, who saw a need for it to be simpler for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into place, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually prospered significantly, as they have actually produced a domain system that allows users to establish payments for 276 digital assets under a single domain name, while also having the ability to be used as a completely working site that can even have dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe because as soon as claimed the domains exist under your address on blockchain, implying they are as safe as the blockchain itself.
It is two times as safe since this also indicates that the domain can not be obstructed by anybody other than you, so your site is never at risk of being down due to censorship. The website for acquiring the domains is safe too and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a two main factors, though it needs to be noted that acquiring a domain is a one-time expense and requires no yearly renewals of any sort.
The very first element 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 cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.
The next element is the gas costs related to using the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the current cost of ETH and the network blockage at the time of the deal. Overall you can get most 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 couple of functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no annual renewal is exceptionally appealing considering the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody aside from the owner.
The domains also have more functionality than standard domains since they can be used to a payment router, but also used to develop sites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your site. Blockchain.Com Domain
Possibly the best and most appealing function of Unstoppable Domains is that is provides you a way to have one address for you to get 276 different crypto possessions, 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 simpler not just for you, but for anyone who you want to get funds from.
There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.
This might just be a dealbreaker since you do not have any Ethereum at your address and require to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time deal charge, and unless you decide to sell/transfer your domain to somebody else it will be the additional charge connected with getting your domain.