The blockchain and they are just completely decentralized …Purchasing Namecoin…so there’s no governing body there’s absolutely nothing that needs any kind of approval or approval you as the owner own your domain so in this video i want to discuss to you whatever that you require to called a beginner 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 begin how does domain registration really work i believe
– Right now, when you go to buy a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer registry. If it’s a.com domain you’re trusting the 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 technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re launching the domain through a icann licensed domain register why do i state i can accredit because you can’t get your domain names directly from i can which is again the nonprofit organization that handles the dns system you have to go through an icann accredited domain register in order to get a domain name which’s just how it works like you resemble why do i have to do that i do not understand why asking me those are just the guidelines and that’s what individuals have been doing for the last few years in order to get a domain so that’s why you require to pay an annual fee on your domain because you’re not in fact 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 manages that domain name extension which is then totally 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? Purchasing Namecoin
is a verisign for instance so all these different domain name extensions have different computer system registries and the function of the registry is just to manage the administrative information for that specific domain name nft domain versus the traditional 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 actually icann you have your domain registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that specifically suggest a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this instance our domain names dot crypto versus dot zill what’s the distinction with these two 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 kind of understand why because those are managed by verisign which is a domain name registry which is managed 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 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 different block chains that’s it so you have Purchasing Namecoin
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 bit more functions and services constructed 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 gateway so this is the main feature of unstoppable domain names clearly over time as like we have decentralized web host establish over 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 indicate you can do it but it’s quite technical uh.
Pros.
One-time purchase of domain.
Simplifies method which people interact with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than standard domains.
Supports 276 crypto assets.
Cons.
Need to spend ETH to claim domain.
Still some question regarding whether Unstoppable Domains will attain widespread adoption.
Some domains are still pre-sale just.
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 interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into location, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually been successful significantly, as they have developed a domain system that permits users to establish payments for 276 digital assets under a single domain name, while likewise having the ability to be used as a completely working website that can even have actually dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no yearly renewal charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that when declared the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.
It is doubly safe because this likewise indicates that the domain can not be blocked by anybody aside from you, so your site is never ever at risk of being down due to censorship. The site for buying the domains is safe as well and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two main factors, though it needs to be kept in mind that buying a domain is a one-time expense and requires no annual renewals of any sort.
The very first factor is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you pick, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.
The next aspect is the gas costs related to utilizing the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to claim them is available in ETH and is not consisted of in your preliminary purchase. The gas fees you will pay will depend upon the current expense of ETH and the network congestion at the time of the deal. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Features of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any yearly renewal is exceptionally enticing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone besides the owner.
The domains also have more performance than standard domains since they can be utilized to a payment router, however likewise utilized to produce sites with dApps developed directly on them because they exist on the blockchain, allowing the use of wise contracts on your site. Purchasing Namecoin
Perhaps the best and most enticing feature of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 different crypto assets, meaning when you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anyone who you want to receive funds from.
Possible Dealbreakers.
There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This might only be a dealbreaker because you do not have any Ethereum at your address and require to purchase some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time deal cost, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.