This is where Unstoppable Domains intends to assist drive adoption of crypto. Namecoin Slushpool…With their blockchain domains. These domains can not just be utilized as fully functional webpages, with decentralized applications (dApps) integrated, but also as a payment center address where users can receive over 275 different crypto coins and tokens. By providing intricate crypto addresses a human legible name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain names is a san francisco-based company that is providing domain name extensions that are tied to the blockchain instead of being connected 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 name 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 run by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based on 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 so in this video i want to discuss to you everything that you require to know as a novice about unstoppable domain names make certain to inspect the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration in fact work i believe
individuals are going to be quite surprised that it’s way more technical and complex than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re launching the domain through a icann accredited domain name register why do i say i can license because you can’t get your domain directly from i can which is again the not-for-profit company that handles the dns system you need to go through an icann licensed domain register in order to get a domain which’s just how it works like you resemble why do i need to do that i don’t understand why asking me those are just the guidelines and that’s what people have been providing for the last few years 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 buying an owning domain name 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 computer system registry that handles that domain name extension which is then totally managed and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension
Is unstoppable domains on Ethereum? Namecoin Slushpool
is a verisign for example so all these different domain name extensions have various computer system registries and the function of the registry is simply to manage the administrative information for that specific domain nft domain versus the traditional dns system what’s the difference 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 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 suggest a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this instance 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 discover that you can’t geta.com.net.org why well you can’t you need to currently type of know why since those are handled by verisign which is a domain computer system registry which is managed by icann that’s part of the dns system that’s why you can’t get those kinds 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 recording this video the primary difference is that these 2 are connected to various block chains that’s it so you have Namecoin Slushpool
your dot crypto which is connected 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 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 primary feature of unstoppable domain names certainly with time as like we have decentralized web host develop with time it will be possible to use like a decentralized domain name and a decentralized web host to create your own decentralized site 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 individuals connect with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than traditional domains.
Supports 276 crypto possessions.
Cons.
Have to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will accomplish 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 aim 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 websites, except for crypto addresses.
In this way they have prospered considerably, as they have actually developed a domain system that enables users to establish payments for 276 digital assets under a single domain name, while also having the ability to be used as a completely operating site that can even have dApps built onto them due to the fact that 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 since once declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.
It is two times as safe since this also implies that the domain can not be obstructed by anyone aside from you, so your website is never at risk of being down due to censorship. The website for purchasing the domains is safe too and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 main elements, though it ought to be kept in mind that acquiring a domain is a one-time cost and needs no annual renewals of any sort.
The very first aspect is the expense 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 name, with shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.
The next aspect is the gas costs connected with utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to claim them can be found in ETH and is not consisted of in your initial purchase. The gas fees 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 overall.
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 yearly renewal is incredibly enticing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone aside from the owner.
The domains likewise have more performance than traditional domains since they can be utilized to a payment router, but likewise utilized to create websites with dApps constructed straight on them because they exist on the blockchain, allowing the use of smart contracts on your website. Namecoin Slushpool
Maybe the best and most enticing feature of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto assets, indicating once you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anyone 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 might just be a dealbreaker because you do not have any Ethereum at your address and require to acquire some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional cost associated with getting your domain.