The blockchain and they are just totally decentralized …Namecoin Ethereum…so there’s no governing body there’s absolutely nothing that requires any kind of approval or approval you as the owner own your domain name so in this video i wish to explain to you whatever that you require to called a newbie about unstoppable domain make sure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration really work i believe
They require to go and get your private secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you don’t in fact 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. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to seize a domain at any offered time. Now, this is technically incredibly rare, but it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a registry similar to like a Verisign. The class structure is extremely various because as soon as we’ve sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the computer system registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time fees, so you never ever need to stress over it. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. When you have it, we can’t upgrade or edit or take the football away from you. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to build. In regards to us getting started, it was a little easier for us to kind of manage the whole user experience and construct all these unique tools.
individuals are going to be quite 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 actually purchasing the domain name what you’re doing is you’re releasing the domain name through a icann certified domain name register why do i state i can license because 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 name register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i do not know why asking me those are simply the rules which’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 a yearly cost on your domain names because you’re not really 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 registry that manages that domain name extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension
Is unstoppable domains on Ethereum? Namecoin Ethereum
is a verisign for example so all these different domain extensions have various pc registries and the function of the computer registry is simply to handle the administrative information for that particular domain nft domain names versus the standard dns system what’s the distinction well the conventional dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain computer system 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 particularly mean a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents an unique digital product in this instance our domain dot crypto versus dot zill what’s the distinction with these 2 so if you jump 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 already kind of know why because those are managed by verisign which is a domain name 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 through unstoppable domain you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these 2 are tied to various block chains that’s it so you have Namecoin Ethereum
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 features and services developed around uh at the ethereum blockchain with a dot crypto domain than you make 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 clearly in time as like we have decentralized web host establish with time it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized website presently it’s not truly possible i imply you can do it however it’s pretty technical uh.
Pros.
One-time purchase of domain.
Simplifies method which people interact with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than standard domains.
Supports 276 crypto assets.
Cons.
Need 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 current CEO, who saw a requirement for it to be much easier for users to interact with crypto addresses. The goal 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 websites, except for crypto addresses.
In this way they have prospered considerably, as they have developed a domain system that permits users to establish payments for 276 digital properties under a single domain, while also being able to be used as a completely functioning website that can even have dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe because once claimed 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 obstructed by anybody other than you, so your website is never ever at risk of being down due to censorship. The website for acquiring the domains is safe as well and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 main aspects, though it ought to be kept in mind that acquiring a domain is a one-time cost and needs 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 instance), and the length of the domain, with shorter domains costing additional. In addition, there are premium domains that cost 10s of thousands.
The next element is the gas charges related to utilizing the Ethereum blockchain to claim your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to declare them is available in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend upon the existing expense 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 overall.
What Are the Best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any annual renewal is extremely attractive considering the way traditional 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, but likewise used to develop sites with dApps developed directly on them since they exist on the blockchain, allowing the use of clever agreements on your site. Namecoin Ethereum
Perhaps the best and most enticing function of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 various crypto assets, implying as soon as you set it up you will just ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anyone who you want to get funds from.
Prospective Dealbreakers.
There is only one genuine possible dealbreaker when it pertains to utilizing 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 acquire 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 fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.