When sending out cryptocurrencies…Namecoin Blockstack Ethereum Name Service… The issue that typically arises is validating that you have the right address, due to the fact that it is an intricate string of letters and numbers, even doing a copy and paste most likely lead to you diligently verifying that whatever pasted properly, although it needs to have.
This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. These domains can not just be used as totally practical websites, with decentralized applications (dApps) integrated, however also as a payment hub address where users can get over 275 different crypto coins and tokens. By giving complex crypto addresses a human understandable name, Unstoppable Domains intends to be the domain addresses of the future.
unstoppable domain names is a san francisco-based company that is providing domain extensions that are tied to the blockchain 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 tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is managed and run by icann so anything constantly needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply completely 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 want to discuss to you whatever that you need to referred to as a newbie about unstoppable domain names ensure to check 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
individuals are going to be rather stunned that it’s method more technical and complicated than you pictured 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 releasing the domain through a icann licensed domain register why do i state i can certify since you can’t get your domain names directly from i can which is again the nonprofit company that handles the dns system you have to go through an icann licensed domain register in order to get a domain and that’s just how it works like you’re like why do i have to do that i do not understand why asking me those are simply the rules which’s what people have actually been providing for the last couple of years in order to get a domain name so that’s why you require to pay a yearly charge on your domain since you’re not really purchasing an owning domain 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 registry that handles that domain name extension which is then completely 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? Namecoin Blockstack Ethereum Name Service
is a verisign for example so all these various domain extensions have various computer registries and the role of the computer system registry is just to manage the administrative information for that particular domain name nft domain versus the standard dns system what’s the distinction well the conventional 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 licensed domain name 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 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 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 find out that you can’t geta.com.net.org why well you can’t you should currently sort of know why because those are managed by verisign which is a domain name windows registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these two are tied to various block chains that’s it so you have Namecoin Blockstack Ethereum Name Service
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 developed and you have a bit more services and features built around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same personalized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain names undoubtedly over time as like we have decentralized webhosting develop over time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized website presently it’s not really possible i mean you can do it however it’s quite technical uh.
Pros.
One-time purchase of domain.
Streamlines way in which people engage with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than standard domains.
Supports 276 crypto properties.
Cons.
Need to spend 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 requirement for it to be easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into location, 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 actually prospered significantly, as they have produced a domain system that permits users to set up payments for 276 digital properties under a single domain name, while likewise being able to be used as a completely functioning site that can even have dApps built onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe since when claimed the domains exist under your address on blockchain, suggesting they are as secure as the blockchain itself.
It is two times as safe since this also implies that the domain can not be obstructed by anyone besides you, so your site is never ever at risk of being down due to censorship. The website for buying the domains is safe as well and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a two main elements, though it needs to be noted that acquiring a domain is a one-time expense and needs no yearly renewals of any sort.
The very first element is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you choose, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.
The next element is the gas costs related to using the Ethereum blockchain to claim your domain, due to the fact that the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend on the existing expense of ETH and the network congestion at the time of the transaction. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the Best Functions of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no annual renewal is extremely attractive thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone other than the owner.
The domains also have more performance than traditional domains due to the fact that they can be utilized to a payment router, however also utilized to develop websites with dApps developed directly on them since they exist on the blockchain, allowing the use of clever agreements on your site. Namecoin Blockstack Ethereum Name Service
Possibly the very best and most appealing feature of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 different crypto properties, indicating 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 easier not just for you, but for anybody who you wish to get funds from.
Prospective Dealbreakers.
There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This may just be a dealbreaker since you do not have any Ethereum at your address and need to acquire some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas charges. Nevertheless, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to another person it will be the extra fee associated with getting your domain.