This is where Unstoppable Domains intends to help drive adoption of crypto. Crypto Games…With their blockchain domains. These domains can not only be utilized as fully functional websites, with decentralized applications (dApps) built-in, however likewise as a payment hub address where users can receive over 275 various crypto coins and tokens. By offering intricate crypto addresses a human understandable name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain is a san francisco-based company that is offering 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 connected to the ethereum blockchain or you can get a zillow domain extension which is connected 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 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 totally decentralized so there’s no governing body there’s nothing that needs any kind of approval or consent you as the owner own your domain name so in this video i wish to explain to you everything that you require to referred to as a beginner about unstoppable domain make sure to check the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration in fact work i think
people are going to be rather shocked that it’s way more complicated and technical than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain name through a icann accredited domain name register why do i state i can license since you can’t get your domain names straight from i can which is once again the not-for-profit company that manages the dns system you need to go through an icann certified domain register in order to get a domain name which’s just how it works like you resemble why do i have to do that i do not know why asking me those are just the guidelines and that’s what people have actually been doing for the last few decades in order to get a domain name so that’s why you require to pay a yearly cost on your domain due to the fact that you’re not in fact buying an owning domain name 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 windows 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 windows registry for that extension
Is unstoppable domains on Ethereum? Crypto Games
is a verisign for example so all these various domain extensions have different computer system registries and the function of the windows registry is just to handle the administrative data for that particular domain name nft domain names versus the traditional dns system what’s the distinction well the standard 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 accredited 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 particularly imply a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents an unique digital product in this instance our domain dot crypto versus dot zill what’s the difference with these two so if you jump over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you must already type of know why because those are handled by verisign which is a domain pc registry which is handled 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 only get blockchain based domain names today they only have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these two are connected to different block chains that’s it so you have Crypto Games
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 built around uh at the ethereum blockchain with a dot crypto domain than you make 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 function of unstoppable domain obviously over time as like we have actually decentralized web host develop with time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized site currently it’s not actually possible i mean you can do it but it’s quite technical uh.
One-time purchase of domain.
Simplifies method which individuals connect with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than standard domains.
Supports 276 crypto properties.
Have to spend ETH to claim domain.
Still some concern as to whether Unstoppable Domains will achieve extensive 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 aim of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.
In this way they have actually succeeded greatly, as they have actually created a domain system that allows users to set up payments for 276 digital possessions under a single domain, while likewise being able to be used as a completely working website that can even have dApps developed onto them since 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 exceptionally safe because as soon as declared the domains exist under your address on blockchain, suggesting they are as safe as the blockchain itself.
It is two times as safe since this also suggests that the domain can not be blocked by anyone aside from 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 secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two main factors, though it ought to be noted that purchasing a domain is a one-time cost and requires no yearly renewals of any sort.
The very first aspect is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, 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 additional. In addition, there are exceptional domains that cost tens of thousands.
The next factor is the gas costs related to using the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the deal to declare them is available in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend upon the present 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 Features of Unstoppable Domains?
There are a few functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no annual renewal is very enticing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone besides the owner.
The domains also have more functionality than traditional domains because they can be utilized to a payment router, however also utilized to produce websites with dApps constructed directly on them because they exist on the blockchain, allowing the use of wise agreements on your site. Crypto Games
Possibly the very best and most appealing function of Unstoppable Domains is that is provides you a method to have one address for you to get 276 various crypto assets, suggesting 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 easier not only for you, but for anyone who you wish to get funds from.
There is only one genuine possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.
This might only be a dealbreaker since you do not have any Ethereum at your address and need to acquire some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas costs. However, this is a one-time deal cost, and unless you choose to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.