The blockchain and they are just entirely decentralized …Blockchain Domain Registry…so there’s no governing body there’s absolutely 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 know as a newbie about unstoppable domain 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 registration really work i believe
– Right now, when you go to acquire a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain pc registry. If it’s a.com domain you’re relying on the registry not to change rates or take the domain away from you in the future.
individuals are going to be rather surprised that it’s method more complicated and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not really buying the domain name what you’re doing is you’re launching the domain through a icann accredited domain register why do i state i can accredit 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 which’s simply how it works like you resemble why do i have to do that i do not know why asking me those are simply the rules and that’s what individuals have been providing for the last couple of decades in order to get a domain name so that’s why you need to pay an annual cost on your domain because you’re not really purchasing 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 pc registry that handles that domain name extension which is then totally handled and organized 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? Blockchain Domain Registry
is a verisign for instance so all these various domain extensions have different computer system registries and the function of the computer system registry is just to handle the administrative data for that specific domain nft domain names versus the standard dns system what’s the difference well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain pc registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that specifically indicate a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents a special digital item in this instance our domain names 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 must already type of know why since those are managed by verisign which is a domain name pc 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 names today they just have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these 2 are connected to various block chains that’s it so you have Blockchain Domain Registry
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 name than you finish with a dot zill however functionally speaking they are the same tailored crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain names clearly over 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 currently it’s not really possible i mean you can do it but it’s pretty technical uh.
Pros.
One-time purchase of domain.
Streamlines way in which individuals interact with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than conventional domains.
Supports 276 crypto assets.
Cons.
Have to invest ETH to claim domain.
Still some concern as to 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 existing CEO, who saw a requirement for it to be easier for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually been successful considerably, as they have actually created a domain system that enables users to set up payments for 276 digital possessions under a single domain name, while also being able to be used as a completely functioning website that can even have actually dApps constructed onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe because once declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.
It is twice as safe because this also means that the domain can not be obstructed by anybody besides you, so your website is never ever at risk of being down due to censorship. The website for buying 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 on a 2 main elements, though it should be kept in mind that acquiring a domain is a one-time cost and requires 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 pick, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are premium domains that cost 10s of thousands.
The next factor is the gas charges related to using the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the present cost of ETH and the network blockage at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the very best Features of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stick out. The fact that it is a one-time purchase without any annual renewal is exceptionally appealing considering the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone other than the owner.
The domains likewise have more functionality than traditional domains due to the fact that they can be used to a payment router, but likewise used to produce sites with dApps constructed directly on them because they exist on the blockchain, allowing the use of wise contracts on your website. Blockchain Domain Registry
Maybe the best and most attractive feature of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 various crypto properties, 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 much easier not only for you, but for anyone who you want to receive funds from.
Possible Dealbreakers.
There is only one real possible dealbreaker when it comes to using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.
This might just be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to acquire some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time deal fee, and unless you decide to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.