This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. Namecoin Wat Is?…These domains can not only be utilized as fully practical web pages, with decentralized applications (dApps) integrated, but likewise as a payment hub address where users can receive over 275 different crypto coins and tokens. By providing complex crypto addresses a human legible name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain is a san francisco-based company that is providing domain name extensions that are tied to the blockchain 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 name extension which is tied to the silica blockchain which is an alternative to ethereum the advantage 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 requires approval from that governing body but 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 nothing that needs any kind of approval or authorization you as the owner own your domain so in this video i wish to describe to you everything that you require to called a beginner about unstoppable domain names ensure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration actually work i believe
people are going to be quite stunned that it’s method more technical and complicated than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re releasing the domain through a icann certified domain register why do i say i can accredit because you can’t get your domain names straight from i can which is again the nonprofit company that manages the dns system you need to go through an icann licensed domain register in order to get a domain name which’s simply how it works like you resemble why do i have to do that i do not understand why asking me those are just the guidelines which’s what people have been doing 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 because you’re not actually buying an owning domain 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 pc registry for that extension
Is unstoppable domains on Ethereum? Namecoin Wat Is?
is a verisign for instance so all these various domain extensions have different windows registries and the function of the computer registry is simply to manage the administrative data for that particular domain nft domain versus the standard dns system what’s the difference well the conventional dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain computer system 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 specifically suggest a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a special digital item 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 discover that you can’t geta.com.net.org why well you can’t you should already kind of understand why because those are handled by verisign which is a domain name computer system registry which is managed 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 right now they just have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these 2 are tied to various block chains that’s it so you have Namecoin Wat Is?
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 name than you finish with a dot zill however functionally speaking they are the same tailored crypto addresses that can be set up as a payment entrance so this is the primary function of unstoppable domain names obviously over time as like we have decentralized web host develop in 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 truly possible i mean you can do it but it’s quite technical uh.
One-time purchase of domain.
Streamlines way in which people connect with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than conventional domains.
Supports 276 crypto possessions.
Have to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will accomplish widespread 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 need for it to be much 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 need to find out IP addresses in order to get to sites, except for crypto addresses.
In this way they have been successful significantly, as they have actually developed a domain system that enables users to set up payments for 276 digital properties under a single domain, while also being able to be utilized as a totally operating website that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that when claimed the domains exist under your address on blockchain, indicating they are as safe as the blockchain itself.
It is doubly safe because this also means that the domain can not be blocked by anyone other than you, so your site is never ever at risk of being down due to censorship. The website for purchasing the domains is safe too and can be secured 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 acquiring a domain is a one-time expense and needs no annual renewals of any sort.
The very first aspect is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you pick, as cost is based on domain type (. crypto is more than.wallet for instance), 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 element is the gas charges related to utilizing the Ethereum blockchain to claim 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 charges you will pay will depend upon the present cost of ETH and the network blockage 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 few features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no yearly renewal is extremely enticing 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 performance than conventional domains since they can be used to a payment router, however likewise used to produce sites with dApps developed directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your site. Namecoin Wat Is?
Perhaps the best and most enticing feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto assets, implying as soon as you set it up you will only ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much 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 using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This may only be a dealbreaker because you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas charges. However, this is a one-time deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the extra fee connected with getting your domain.