The blockchain and they are just entirely decentralized …Unstoppable Domains On Ledger…so there’s no governing body there’s nothing that needs any kind of approval or approval you as the owner own your domain so in this video i want to explain to you whatever that you need to called a novice about unstoppable domain names ensure 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 registration in fact work i believe
– Right now, when you go to purchase a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. If it’s a.com domain you’re relying on the pc registry not to change rates or take the domain away from you in the future.
people are going to be quite stunned that it’s method more complicated and technical than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i say i can accredit since you can’t get your domain directly from i can which is again the nonprofit company that handles the dns system you have to go through an icann accredited domain register in order to get a domain name and that’s just how it works like you resemble why do i have to do that i do not understand why asking me those are simply the rules which’s what people have been providing for the last couple of decades in order to get a domain so that’s why you require to pay an annual charge on your domain because you’re not really purchasing an owning domain what you’re doing is leasing 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 pc registry that handles that domain extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension
Is unstoppable domains on Ethereum? Unstoppable Domains On Ledger
is a verisign for instance so all these different domain extensions have different computer system registries and the function of the computer registry is simply to manage the administrative information for that particular domain nft domain names versus the standard dns system what’s the distinction well the traditional dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain windows registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that particularly imply a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital product in this circumstances our domain dot crypto versus dot zill what’s the distinction with these 2 so if you leap 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 already type of know why due to the fact that those are handled by verisign which is a domain name pc registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain 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 tied to various block chains that’s it so you have Unstoppable Domains On Ledger
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 developed and you have a bit more functions and services built 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 tailored crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain undoubtedly with time as like we have decentralized web host establish gradually it will be possible to utilize like a decentralized domain 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 pretty technical uh.
Pros.
One-time purchase of domain.
Simplifies method which people communicate with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than traditional domains.
Supports 276 crypto assets.
Cons.
Need 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 much easier for users to interact 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 learn IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually been successful significantly, as they have actually developed a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise having the ability to be utilized as a totally operating site that can even have dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe since when claimed the domains exist under your address on blockchain, suggesting they are as safe and secure as the blockchain itself.
It is two times as safe since this likewise suggests that the domain can not be obstructed by anyone besides you, so your site is never ever at risk of being down due to censorship. The site for purchasing the domains is safe also and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 primary factors, though it should be kept in mind that buying a domain is a one-time cost and needs no yearly 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 cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.
The next factor is the gas costs related to utilizing the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas fees you will pay will depend on the current expense of ETH and the network congestion at the time of the transaction. In general you can get 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 features of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no yearly renewal is exceptionally appealing thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody besides the owner.
The domains likewise have more performance than standard domains due to the fact that they can be utilized to a payment router, but also used to develop sites with dApps built directly on them because they exist on the blockchain, allowing the use of clever agreements on your site. Unstoppable Domains On Ledger
Perhaps the best and most appealing feature of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto assets, suggesting once you set it up you will only ever need 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.
Prospective Dealbreakers.
There is only one real potential dealbreaker when it concerns utilizing Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This may only be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas charges. Nevertheless, this is a one-time deal fee, and unless you decide to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.