When sending cryptocurrencies…√Ê¬∫√Ê¬Æ√Ëàü√Ê¬µ√Ê¬ª√Ê¬µ√Ê¬∫ Namecoin… The concern that frequently emerges is verifying that you have the right address, because it is a complicated string of numbers and letters, even doing a copy and paste most likely lead to you thoroughly confirming that everything pasted correctly, despite the fact that it needs to have.
This is where Unstoppable Domains intends to help drive adoption of crypto with their blockchain domains. These domains can not only be utilized as fully practical websites, with decentralized applications (dApps) built-in, however also as a payment center address where users can receive over 275 different crypto coins and tokens. By offering complex crypto addresses a human understandable name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain names is a san francisco-based company that is offering domain extensions that are connected to the blockchain instead of being tied to the dns system particularly you can get a dot crypto which is connected 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 benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and run by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely 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 name so in this video i want to describe to you whatever that you need to called a newbie about unstoppable domain names ensure to check the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration in fact work i think
people are going to be rather surprised that it’s method more technical and complex than you imagined so when you go to someplace 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 accredited domain name register why do i say i can license since you can’t get your domain directly from i can which is again the not-for-profit organization that handles the dns system you have to go through an icann certified domain name register in order to get a domain and that’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 which’s what individuals have actually been doing for the last couple of decades in order to get a domain name so that’s why you need to pay a yearly fee on your domain names because you’re not actually purchasing an owning domain name what you’re doing is renting their domain 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 handles 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 computer registry for that extension
Is unstoppable domains on Ethereum? √Ê¬∫√Ê¬Æ√Ëàü√Ê¬µ√Ê¬ª√Ê¬µ√Ê¬∫ Namecoin
is a verisign for example so all these various domain name extensions have different registries and the function of the computer registry is just 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 centralized system as i alluded to earlier based around icann so you have actually icann you have your domain computer system registries then you have your icann accredited domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it but like what does that specifically mean 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 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 need to already kind of know why because those are handled by verisign which is a domain name windows 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 names you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the primary difference is that these two are tied to various block chains that’s it so you have √Ê¬∫√Ê¬Æ√Ëàü√Ê¬µ√Ê¬ª√Ê¬µ√Ê¬∫ Namecoin
your dot crypto which is tied 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 bit more functions and services developed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same personalized crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain names clearly in time as like we have actually decentralized web host establish with time it will be possible to use like a decentralized domain name and a decentralized webhosting to produce your own decentralized site presently it’s not actually possible i imply you can do it however it’s pretty technical uh.
One-time purchase of domain.
Streamlines method which individuals communicate with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than traditional domains.
Supports 276 crypto possessions.
Need to spend ETH to claim domain.
Still some question regarding whether Unstoppable Domains will attain extensive adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a need for it to be easier for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.
In this manner they have actually succeeded considerably, as they have created a domain system that allows users to establish payments for 276 digital possessions under a single domain, while also being able to be utilized as a completely working website that can even have dApps built onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe because once claimed the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.
It is twice as safe because this also suggests that the domain can not be blocked by anybody other than you, so your website is never ever at risk of being down due to censorship. The site for buying the domains is safe also and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 primary factors, though it ought to be kept in mind that purchasing a domain is a one-time expense and needs 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 select, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next element is the gas costs related to utilizing the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the deal to claim them is available 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 blockage at the time of the transaction. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the very best Features of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase without any yearly renewal is exceptionally enticing considering the method conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone besides the owner.
The domains also have more functionality than traditional domains since they can be used to a payment router, but also used to produce websites with dApps constructed straight on them because they exist on the blockchain, allowing the use of wise contracts on your site. √Ê¬∫√Ê¬Æ√Ëàü√Ê¬µ√Ê¬ª√Ê¬µ√Ê¬∫ Namecoin
Maybe the best and most attractive feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto possessions, suggesting once you set it up you will just ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler 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 expense of declaring your domain with Ethereum.
This might only be a dealbreaker since you do not have any Ethereum at your address and require to buy 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 transaction fee, and unless you decide to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.