The blockchain and they are simply totally decentralized ….Crypto Domain Extension…so there’s no governing body there’s nothing that needs any kind of approval or authorization you as the owner own your domain name so in this video i want to discuss to you everything that you need to know as a novice about unstoppable domain ensure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration really work i think
– Right now, when you go to buy a domain name you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. If it’s a.com domain you’re trusting the windows registry not to alter prices or take the domain away from you in the future.
individuals are going to be quite shocked 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 actually purchasing the domain name 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 names straight from i can which is again the nonprofit company that handles the dns system you need to go through an icann licensed domain register in order to get a domain and that’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 rules which’s what people have been providing for the last few decades in order to get a domain name so that’s why you need to pay a yearly charge on your domain names because you’re not actually purchasing 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 registry that handles that domain extension which is then completely managed 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? .Crypto Domain Extension
is a verisign for instance so all these different domain extensions have different computer registries and the role of the registry is simply to handle the administrative information for that particular domain name nft domain names versus the standard dns system what’s the difference well the conventional 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 certified domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that particularly indicate a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital item in this instance our domain names dot crypto versus dot zill what’s the difference with these two so if you leap over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you need to currently kind of understand 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 names through unstoppable domain names you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these 2 are connected to various block chains that’s it so you have .Crypto Domain Extension
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 functions and services built around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain names undoubtedly gradually 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 produce your own decentralized website currently it’s not really possible i suggest you can do it however it’s pretty technical uh.
One-time purchase of domain.
Streamlines way in which people engage with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than standard domains.
Supports 276 crypto possessions.
Have to invest ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve 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 engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into location, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually prospered greatly, as they have developed a domain system that enables users to set up payments for 276 digital properties under a single domain name, while also being able to be used as a completely 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 intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe because once declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.
It is two times as safe due to the fact that this likewise suggests that the domain can not be blocked 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 on a two primary aspects, though it needs to be noted that purchasing a domain is a one-time cost and requires no annual renewals of any sort.
The very first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you choose, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.
The next aspect is the gas fees associated with using the Ethereum blockchain to claim your domain, since the domains are kept on the Ethereum blockchain, the deal to claim them is available in ETH and is not consisted of in your preliminary purchase. The gas fees you will pay will depend on the present 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 total.
What Are the Best Functions of Unstoppable Domains?
There are a few functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any yearly renewal is incredibly attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone besides the owner.
The domains also have more functionality than standard domains because they can be utilized to a payment router, however likewise utilized to develop websites with dApps developed directly on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your website. .Crypto Domain Extension
Possibly the very best and most appealing feature of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 various crypto properties, suggesting when you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anybody who you want to get funds from.
There is only one genuine potential dealbreaker when it pertains to using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.
This may just be a dealbreaker since you do not have any Ethereum at your address and need to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. However, this is a one-time transaction charge, and unless you choose to sell/transfer your domain to another person it will be the extra cost connected with getting your domain.