The blockchain and they are just entirely decentralized …How Namecoin Works…so there’s no governing body there’s nothing that requires any type of approval or permission you as the owner own your domain so in this video i want to describe to you whatever that you need to called a beginner about unstoppable domain make sure to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration really work i believe
– Right now, when you go to buy a domain name you don’t really own it. You’re renting 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 pc 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 method more complex and technical than you envisioned 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 releasing the domain through a icann certified domain name register why do i say i can accredit because you can’t get your domain names directly from i can which is again the nonprofit company that handles the dns system you need to go through an icann licensed domain name register in order to get a domain which’s just how it works like you resemble why do i have to do that i don’t know why asking me those are just the guidelines and that’s what people have actually been doing for the last couple of decades in order to get a domain so that’s why you require to pay an annual fee on your domain names due to the fact that you’re not really buying 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 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? How Namecoin Works
is a verisign for instance so all these various domain name extensions have different computer system registries and the role of the pc registry is simply to manage the administrative information for that specific domain nft domain versus the conventional dns system what’s the distinction well the conventional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that specifically imply a non-fungible token is just a piece of data discovered 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 distinction with these two so if you jump over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you should currently kind of know why because those are handled by verisign which is a domain computer system registry which is managed 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 just get blockchain based domain right now they just have a dot crypto in dot zo at the time of taping this video the primary distinction is that these 2 are tied to various block chains that’s it so you have How Namecoin Works
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 developed and you have a little bit more features and services built 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 personalized crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain obviously with time as like we have actually decentralized webhosting develop gradually it will be possible to use like a decentralized domain and a decentralized web host to create your own decentralized website presently it’s not really possible i indicate you can do it but it’s quite technical uh.
Pros.
One-time purchase of domain.
Simplifies method which individuals engage with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than traditional domains.
Supports 276 crypto properties.
Cons.
Have to spend ETH to claim domain.
Still some concern as to whether Unstoppable Domains will attain widespread 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 much easier for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into location, 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 prospered significantly, as they have created a domain system that enables users to set up payments for 276 digital properties under a single domain, while likewise having the ability to be utilized as a completely operating website that can even have dApps built onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe due to the fact that once declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.
It is twice as safe because this also indicates 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.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a two main aspects, though it must be kept in mind that buying a domain is a one-time cost and requires no yearly renewals of any sort.
The first aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.
The next factor is the gas charges related to using the Ethereum blockchain to claim your domain, since the domains are kept on the Ethereum blockchain, the deal to claim them comes in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend on the existing cost 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 very best Functions 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 incredibly appealing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone other than the owner.
The domains likewise have more functionality than traditional domains since they can be used to a payment router, but also utilized to develop websites with dApps developed directly on them since they exist on the blockchain, allowing the use of clever contracts on your site. How Namecoin Works
Possibly the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto assets, implying when you set it up you will only ever require 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 wish to receive funds from.
Potential Dealbreakers.
There is only one genuine possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.
This may only be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas costs. Nevertheless, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.