The blockchain and they are just totally decentralized …Value Of Namecoin…so there’s no governing body there’s absolutely nothing that requires any type of approval or authorization you as the owner own your domain name so in this video i wish to explain to you whatever that you require to referred to as a beginner 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 name registration really work i think
– Right now, when you go to buy a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain registry. If it’s a.com domain you’re trusting the computer system registry not to alter costs 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 actually buying the domain name what you’re doing is you’re releasing the domain through a icann certified domain register why do i say i can accredit since you can’t get your domain straight from i can which is again the nonprofit company that handles the dns system you have to go through an icann licensed domain register in order to get a domain which’s simply how it works like you’re like 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 been doing for the last few years in order to get a domain so that’s why you require to pay an annual cost on your domain names due to the fact that you’re not in fact purchasing an owning domain name what you’re doing is leasing 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 handles that domain name extension which is then completely handled 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? Value Of Namecoin
is a verisign for instance so all these various domain extensions have different computer registries and the function of the pc registry is just to handle the administrative data for that particular domain nft domain versus the standard dns system what’s the distinction well the standard dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer system registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that specifically indicate 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 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 discover that you can’t geta.com.net.org why well you can’t you must currently type of understand why since those are managed by verisign which is a domain pc registry which is handled by icann that belongs to 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 main difference is that these 2 are tied to various block chains that’s it so you have Value Of Namecoin
your dot crypto which is tied 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 services and features built 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 customized crypto addresses that can be set up as a payment entrance so this is the main feature of unstoppable domain names clearly with time as like we have actually decentralized web host establish gradually it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website currently it’s not truly possible i indicate you can do it but it’s quite technical uh.
Pros.
One-time purchase of domain.
Streamlines way in which people engage with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than conventional domains.
Supports 276 crypto properties.
Cons.
Have to invest ETH to claim domain.
Still some question regarding whether Unstoppable Domains will accomplish 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 easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into place, 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 succeeded greatly, as they have developed a domain system that enables users to set up payments for 276 digital assets under a single domain name, while likewise being able to be used as a completely working site that can even have actually dApps developed onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe because when declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.
It is twice as safe due to the fact that this also indicates that the domain can not be obstructed by anybody besides you, so your website is never at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a 2 primary aspects, though it should be kept in mind that acquiring a domain is a one-time expense and requires no yearly renewals of any sort.
The first element is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you select, 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 premium domains that cost tens of thousands.
The next aspect is the gas fees associated with using the Ethereum blockchain to declare your domain, because the domains are stored on the Ethereum blockchain, the deal to claim them is available in ETH and is not included in your initial purchase. The gas charges 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 features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any yearly renewal is exceptionally attractive thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody aside from the owner.
The domains likewise have more performance than conventional domains due to the fact that they can be used to a payment router, but also utilized to create websites with dApps built directly on them since they exist on the blockchain, allowing the use of wise agreements on your website. Value Of Namecoin
Maybe the best and most appealing function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto possessions, meaning as soon as 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 much easier not just for you, but for anybody who you want to receive funds from.
Prospective Dealbreakers.
There is only one genuine possible dealbreaker when it concerns using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This might only 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 think it is unreasonable to pay the gas fees. This is a one-time deal fee, and unless you decide to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.