This is where Unstoppable Domains intends to help drive adoption of crypto. Crypto Domain Extension…With their blockchain domains. These domains can not just be used as totally functional webpages, 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 providing complicated crypto addresses a human legible name, Unstoppable Domains intends to be the domain addresses of the future.
unstoppable domain names is a san francisco-based business that is supplying domain name extensions that are tied to the blockchain instead of being connected to the dns system particularly 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 advantage 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 on the blockchain and they are just totally decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or approval you as the owner own your domain name so in this video i wish to discuss to you whatever that you need to called a newbie about unstoppable domain 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 really work i believe
people are going to be rather surprised that it’s method more complicated and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain name 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 directly from i can which is once again the not-for-profit organization that manages the dns system you need to go through an icann licensed domain register in order to get a domain name which’s just how it works like you’re like why do i need to do that i do not understand why asking me those are just the guidelines which’s what people have been providing for the last couple of decades in order to get a domain name so that’s why you need to pay an annual charge on your domain since you’re not actually buying 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 manages that domain extension which is then absolutely handled and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension
Is unstoppable domains on Ethereum? Crypto Domain Extension
is a verisign for instance so all these various domain name extensions have different windows registries and the role of the computer system registry is just to handle the administrative information for that specific domain nft domain versus the traditional 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 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 however like what does that particularly indicate a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain names dot crypto versus dot zill what’s the difference with these 2 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 must already kind of understand why since those are handled by verisign which is a domain windows registry which is managed by icann that becomes part of the dns system that’s why you can’t get those types of domain names through unstoppable domain you can just get blockchain based domain names 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 two are tied to various block chains that’s it so you have Crypto Domain Extension
your dot crypto which is connected 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 features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you do 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 primary function of unstoppable domain obviously gradually as like we have decentralized web host establish over time it will be possible to use like a decentralized domain and a decentralized webhosting to create your own decentralized website currently it’s not really possible i indicate you can do it but it’s quite technical uh.
One-time purchase of domain.
Streamlines method which individuals interact with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than standard domains.
Supports 276 crypto assets.
Need to invest ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will attain prevalent 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 requirement for it to be simpler for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.
In this way they have been successful greatly, as they have produced a domain system that allows users to set up payments for 276 digital properties under a single domain name, while also being able to be used as a totally operating website that can even have actually dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that once declared the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.
It is doubly safe because this also implies that the domain can not be obstructed by anyone aside from you, so your site is never at risk of being down due to censorship. The website for buying the domains is safe as well and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a 2 primary aspects, though it ought to be kept in mind that purchasing a domain is a one-time expense and requires no annual 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 choose, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.
The next element is the gas charges related to using the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the current expense 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 total.
What Are the Best Functions of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase without any annual renewal is very appealing considering the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody other than the owner.
The domains likewise have more functionality than standard domains due to the fact that they can be utilized to a payment router, however likewise utilized to develop websites with dApps developed directly on them because they exist on the blockchain, allowing the use of clever contracts on your site. Crypto Domain Extension
Perhaps the very best and most appealing function of Unstoppable Domains is that is offers you a way to have one address for you to get 276 various crypto properties, indicating 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 easier not just for you, but for anybody who you wish to receive funds from.
There is only one real possible dealbreaker when it comes to using Unstoppable Domains, which is the expense of declaring your domain with Ethereum.
This may just be a dealbreaker since you do not have any Ethereum at your address and need to purchase 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 fee, and unless you decide to sell/transfer your domain to another person it will be the extra fee connected with getting your domain.