The blockchain and they are simply entirely decentralized …Unstoppable Domains Layer 2…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 explain to you everything that you need to know as a novice about unstoppable domain make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain name registration really work i believe
They require to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to buy a domain you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to seize a domain name at any offered time. Now, this is technically incredibly unusual, but it is possible. And it raises an increasing issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a pc registry comparable to like a Verisign. The power structure is very different due to the fact that as soon as we have actually offered you a domain there’s absolutely nothing that we can do. , 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.. Our domain are one-time costs, so you never need to fret about it. When you buy a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t edit or upgrade or take the football away from you. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I think that’s something that’s going to build. In terms of us beginning, it was a little easier for us to kind of manage the whole user experience and build all these special tools.
people are going to be rather stunned that it’s method more complicated and technical than you thought of 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 state i can license because you can’t get your domain straight from i can which is again the nonprofit organization that handles the dns system you need to go through an icann accredited domain register in order to get a domain which’s just how it works like you’re like why do i need to do that i do not know why asking me those are simply the rules and that’s what people have been providing for the last couple of years in order to get a domain so that’s why you need to pay a yearly fee on your domain names due to the fact that you’re not in fact purchasing an owning domain 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 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 pc registry for that extension
Is unstoppable domains on Ethereum? Unstoppable Domains Layer 2
is a verisign for example so all these different domain extensions have various windows registries and the function of the computer registry is just to handle the administrative information for that specific domain name nft domain versus the traditional dns system what’s the distinction well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain computer registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it however like what does that specifically 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 difference 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 need to currently type of know why due to the fact that those are handled by verisign which is a domain registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain today they only have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are tied to various block chains that’s it so you have Unstoppable Domains Layer 2
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 industrialized and you have a bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain names clearly over time as like we have actually decentralized webhosting develop gradually 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 suggest you can do it however it’s quite technical uh.
Pros.
One-time purchase of domain.
Simplifies way in which people engage with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than traditional domains.
Supports 276 crypto properties.
Cons.
Have to invest ETH to claim domain.
Still some question regarding whether Unstoppable Domains will attain extensive adoption.
Some domains are still pre-sale just.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a need for it to be simpler for users to connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.
In this manner they have actually prospered significantly, as they have actually created a domain system that permits users to establish payments for 276 digital properties under a single domain, while also having the ability to be utilized as a fully operating site that can even have actually dApps built onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe because once declared the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.
It is doubly safe due to the fact that this also suggests that the domain can not be blocked by anyone besides you, so your website is never at risk of being down due to censorship. The site for acquiring the domains is safe too and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 main elements, though it must be kept in mind that buying a domain is a one-time expense and needs no annual renewals of any sort.
The very first element is the expense 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 upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.
The next element is the gas costs associated with using the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the transaction to claim them is available in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend upon the present cost of ETH and the network blockage at the time of the transaction. In general 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 reality that it is a one-time purchase without any annual renewal is very attractive considering the method conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody other than the owner.
The domains likewise have more functionality than traditional domains because they can be used to a payment router, but also utilized to create websites with dApps constructed directly on them because they exist on the blockchain, allowing the use of clever contracts on your website. Unstoppable Domains Layer 2
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 assets, meaning when you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not just for you, but for anybody who you wish to get funds from.
Prospective Dealbreakers.
There is only one genuine prospective dealbreaker when it pertains to using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.
This might just be a dealbreaker because you do not have any Ethereum at your address and require to buy some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time deal charge, and unless you choose to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.