The blockchain and they are simply completely decentralized …Blockchain Domain Name System…so there’s no governing body there’s nothing that needs any type of approval or permission you as the owner own your domain so in this video i wish to describe to you everything that you require to called a newbie about unstoppable domain names make certain to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration actually work i think
– Right now, when you go to purchase a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer registry. If it’s a.com domain you’re trusting the windows registry not to change costs or take the domain away from you in the future.
people are going to be quite surprised that it’s method more complex and technical than you thought of 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 launching the domain name through a icann licensed domain name register why do i say i can certify since you can’t get your domain names directly from i can which is once again the not-for-profit company that handles the dns system you need to go through an icann accredited domain register in order to get a domain name and that’s just how it works like you’re like why do i have to do that i don’t understand why asking me those are just the guidelines which’s what people have been doing for the last couple of years in order to get a domain so that’s why you require to pay an annual fee on your domain since 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 handles that domain extension which is then totally handled and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension
Is unstoppable domains on Ethereum? Blockchain Domain Name System
is a verisign for example so all these different domain name extensions have various pc registries and the function of the computer registry is just to manage the administrative data for that particular domain nft domain names versus the standard dns system what’s the distinction well the traditional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter 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 an unique digital item in this instance our domain dot crypto versus dot zill what’s the distinction 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 should already type of know why since those are handled by verisign which is a domain name registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain 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 taping this video the primary distinction is that these two are tied to different block chains that’s it so you have Blockchain Domain Name System
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 industrialized and you have a little bit more services and functions 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 individualized crypto addresses that can be established as a payment entrance so this is the primary feature of unstoppable domain clearly in time as like we have actually decentralized web host establish gradually 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 actually possible i mean you can do it however it’s quite technical uh.
Pros.
One-time purchase of domain.
Streamlines method which people communicate 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 accomplish widespread adoption.
Some domains are still pre-sale just.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a requirement for it to be easier for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.
In this manner they have prospered significantly, as they have actually developed a domain system that enables users to establish payments for 276 digital properties under a single domain name, while likewise being able to be used as a completely operating site that can even have dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe because when declared the domains exist under your address on blockchain, meaning they are as protected as the blockchain itself.
It is twice as safe since this also implies 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 website for acquiring the domains is safe also and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 primary elements, though it must be noted that acquiring a domain is a one-time expense and requires no yearly renewals of any sort.
The very first factor 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 on domain type (. crypto is more than.wallet for example), 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 element is the gas charges connected with utilizing the Ethereum blockchain to declare your domain, since the domains are saved 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 transaction. Overall you can get most 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 stick out. The fact that it is a one-time purchase with no annual renewal is incredibly attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anybody aside from the owner.
The domains likewise have more performance than traditional domains since they can be used to a payment router, but likewise used to produce sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your site. Blockchain Domain Name System
Possibly the very best and most enticing feature of Unstoppable Domains is that is offers you a way to have one address for you to get 276 various crypto possessions, implying 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.
Possible Dealbreakers.
There is only one real possible dealbreaker when it pertains to utilizing Unstoppable Domains, which 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 need to purchase 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 someone else it will be the additional cost associated with getting your domain.