This is where Unstoppable Domains aims to help drive adoption of crypto. Unstoppable Domains…With their blockchain domains. These domains can not only be used as fully practical webpages, with decentralized applications (dApps) integrated, but also as a payment hub address where users can receive over 275 different crypto coins and tokens. By providing complex 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 company that is providing domain name extensions that are tied 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 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 simply that they are decentralized so the dns system is controlled and operated 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 completely decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or authorization you as the owner own your domain so in this video i wish to describe to you everything that you require to referred to as a newbie about unstoppable domain names make sure to examine 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 quite shocked that it’s method more technical and complex than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i state i can certify because you can’t get your domain names directly from i can which is again the nonprofit company that manages the dns system you need to go through an icann accredited domain register in order to get a domain 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 simply the guidelines and that’s what people have actually been doing for the last couple of years in order to get a domain name so that’s why you need to pay a yearly cost on your domain names because you’re not in fact purchasing an owning domain name 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 computer system registry that manages that domain extension which is then absolutely handled and arranged by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension
Is unstoppable domains on Ethereum? Unstoppable Domains
is a verisign for example so all these different domain extensions have various windows registries and the role of the computer system registry is simply to handle the administrative information for that particular domain name nft domain versus the traditional dns system what’s the difference well the standard dns system is a central system as i alluded to earlier based around icann so you have 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 mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital product in this instance our domain names 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 discover that you can’t geta.com.net.org why well you can’t you should currently type of understand why since those are managed by verisign which is a domain computer registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can just get blockchain based domain today they just have a dot crypto in dot zo at the time of recording this video the main difference is that these 2 are tied to different block chains that’s it so you have Unstoppable Domains
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 services and functions constructed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment entrance so this is the main feature of unstoppable domain names obviously in time as like we have decentralized webhosting establish with time it will be possible to utilize like a decentralized domain name and a decentralized web host to develop your own decentralized website currently it’s not really possible i mean you can do it but it’s quite technical uh.
One-time purchase of domain.
Simplifies method which individuals engage with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than conventional domains.
Supports 276 crypto properties.
Have to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve extensive 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 communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.
In this way they have succeeded considerably, as they have actually created a domain system that enables users to set up payments for 276 digital possessions under a single domain, while also having the ability to be used as a fully functioning website that can even have dApps built onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe since when declared the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.
It is doubly safe since this likewise indicates that the domain can not be blocked by anybody 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 also and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 primary elements, though it needs to be noted that buying a domain is a one-time expense and needs no yearly renewals of any sort.
The 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 pick, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.
The next factor is the gas costs associated with utilizing the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the deal 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 present cost of ETH and the network congestion at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the Best Functions of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any annual renewal is extremely enticing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone aside from the owner.
The domains also have more functionality than traditional domains since they can be used to a payment router, however also utilized to develop websites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Unstoppable Domains
Perhaps the very best and most attractive function of Unstoppable Domains is that is offers you a way to have one address for you to get 276 various crypto assets, indicating once you set it up you will just 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 just for you, but for anyone who you want to receive funds from.
There is only one genuine possible dealbreaker when it comes to utilizing Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This might just be a dealbreaker since you do not have any Ethereum at your address and require to buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. However, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to another person it will be the extra cost related to getting your domain.