When sending out cryptocurrencies…Namecoin Cryptocurrency… The concern that frequently arises is confirming that you have the ideal address, since it is a complicated string of numbers and letters, even doing a copy and paste likely lead to you carefully verifying that whatever pasted properly, even though it should have.
This is where Unstoppable Domains intends to assist drive adoption of crypto with their blockchain domains. These domains can not just be used as totally functional webpages, with decentralized applications (dApps) built-in, but also as a payment center address where users can receive over 275 various crypto coins and tokens. By providing intricate 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 business 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 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 benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is managed and operated 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 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 want to explain to you whatever that you require to called a novice about unstoppable domain make sure 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 registration actually work i think
people are going to be rather shocked that it’s way more technical and complicated than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain name what you’re doing is you’re launching the domain through a icann certified domain register why do i say i can license since you can’t get your domain names straight from i can which is again the nonprofit organization that handles the dns system you need to go through an icann licensed domain name 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 rules and that’s what individuals have actually been doing for the last couple of years in order to get a domain name so that’s why you require to pay an annual fee on your domain names since you’re not actually purchasing 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 computer registry that manages that domain extension which is then totally 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? Namecoin Cryptocurrency
is a verisign for example so all these various domain extensions have different computer registries and the role of the windows registry is just to manage the administrative data for that specific domain name nft domain names versus the traditional dns system what’s the difference well the traditional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain registries then you have your icann certified domain 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 mean a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a special digital item in this instance 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 discover that you can’t geta.com.net.org why well you can’t you should currently kind of understand why since those are handled by verisign which is a domain name computer 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 just get blockchain based domain names today 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 different block chains that’s it so you have Namecoin Cryptocurrency
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 developed 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 entrance so this is the main function of unstoppable domain certainly in time as like we have actually decentralized web host develop in time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not truly possible i mean you can do it however it’s quite technical uh.
One-time purchase of domain.
Streamlines way in which people engage with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than traditional domains.
Supports 276 crypto properties.
Have to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will accomplish widespread adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be much easier for users to connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to discover IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually prospered greatly, as they have actually produced a domain system that allows users to establish payments for 276 digital properties under a single domain, while also having the ability to be utilized as a completely working site that can even have actually dApps built onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an interesting 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, suggesting they are as safe as the blockchain itself.
It is twice as safe because this also indicates that the domain can not be obstructed by anybody 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 as well and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a 2 primary factors, though it must be kept in mind that buying a domain is a one-time expense and needs no annual renewals of any sort.
The very first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you select, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing additional. In addition, there are exceptional domains that cost tens of thousands.
The next element is the gas costs related to utilizing the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the current 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 total.
What Are the Best Functions of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The reality that it is a one-time purchase without any yearly renewal is extremely attractive considering the method conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone other than the owner.
The domains likewise have more functionality than traditional domains due to the fact that they can be utilized to a payment router, however likewise utilized to produce sites with dApps constructed directly on them because they exist on the blockchain, allowing the use of clever contracts on your website. Namecoin Cryptocurrency
Perhaps the very best and most appealing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto possessions, meaning as soon as you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not only for you, but for anyone who you want to get funds from.
There is only one genuine possible dealbreaker when it comes to using Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.
This might only be a dealbreaker because 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 fee, and unless you choose to sell/transfer your domain to somebody else it will be the extra cost related to getting your domain.