This is where Unstoppable Domains aims to assist drive adoption of crypto. Unstoppable Domains Inc…With their blockchain domains. These domains can not only be used as completely 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 offering complicated crypto addresses a human readable name, Unstoppable Domains intends to be the domain addresses of the future.
unstoppable domain names is a san francisco-based business that is offering domain extensions that are connected to the blockchain instead of being tied 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 name extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and run by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply entirely 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 so in this video i want to describe to you whatever that you require to know as a novice 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 registration actually work i think
people are going to be rather shocked that it’s way more technical and complex than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re launching the domain through a icann licensed domain register why do i state i can license because you can’t get your domain straight from i can which is again the not-for-profit organization that handles the dns system you need to go through an icann accredited domain register in order to get a domain name which’s just how it works like you’re like why do i have to do that i do not know why asking me those are simply the rules which’s what individuals have been providing for the last few decades in order to get a domain so that’s why you need to pay an annual charge on your domain since you’re not really purchasing an owning domain what you’re doing is renting their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the pc registry that manages that domain name extension which is then absolutely managed 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? Unstoppable Domains Inc
is a verisign for instance so all these different domain name extensions have different computer system registries and the role of the registry is just to handle the administrative data for that particular domain nft domain names versus the standard 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 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 but like what does that specifically indicate a non-fungible token is simply a piece of information found 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 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 need to already type of understand why since those are managed by verisign which is a domain computer system 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 names you can only get blockchain based domain today they only have a dot crypto in dot zo at the time of taping this video the main distinction is that these 2 are tied to different block chains that’s it so you have Unstoppable Domains Inc
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 developed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain clearly gradually as like we have decentralized web host establish in time it will be possible to use like a decentralized domain name and a decentralized webhosting to develop your own decentralized site presently it’s not actually possible i suggest you can do it however it’s pretty technical uh.
Pros.
One-time purchase of domain.
Simplifies method which people connect with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than standard domains.
Supports 276 crypto possessions.
Cons.
Need to invest ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve 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 easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.
In this manner they have been successful greatly, as they have developed a domain system that allows users to establish payments for 276 digital possessions under a single domain, while likewise being able to be used as a totally working website that can even have dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe since as soon as claimed the domains exist under your address on blockchain, implying they are as safe and secure as the blockchain itself.
It is doubly safe because this also suggests that the domain can not be blocked by anyone besides you, so your site is never ever at risk of being down due to censorship. The site for purchasing the domains is safe also and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 primary elements, though it should be kept in mind that acquiring a domain is a one-time expense and needs no yearly 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 pick, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are exceptional domains that cost 10s of thousands.
The next aspect is the gas charges related to utilizing the Ethereum blockchain to declare your domain, since the domains are stored 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 upon the current cost of ETH and the network congestion at the time of the deal. 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 functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any annual renewal is extremely attractive thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody 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 develop websites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Unstoppable Domains Inc
Perhaps the best and most enticing function of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 various crypto possessions, indicating when you set it up you will just ever require to understand 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 anyone who you wish to get funds from.
Prospective Dealbreakers.
There is only one genuine potential dealbreaker when it concerns using Unstoppable Domains, and that 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 require to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time deal charge, and unless you decide to sell/transfer your domain to somebody else it will be the extra cost associated with getting your domain.