This is where Unstoppable Domains intends to help drive adoption of crypto.Bitcoin Dominance Explained… with their blockchain domains. These domains can not just be used as completely functional websites, with decentralized applications (dApps) built-in, but likewise as a payment hub address where users can get over 275 various crypto coins and tokens. By offering complicated crypto addresses a human readable name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain is a san francisco-based company that is offering domain name extensions that are tied to the blockchain instead of being tied to the dns system particularly you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is simply that they are decentralized so the dns system is controlled and run by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply entirely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or consent 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 novice about unstoppable domain make certain to inspect the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration in fact work i believe
people are going to be rather surprised that it’s way more technical and complicated than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing the domain name what you’re doing is you’re launching the domain name through a icann certified domain name 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 company that manages the dns system you need to go through an icann licensed domain 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 understand why asking me those are simply the rules and that’s what individuals have been providing for the last couple of years in order to get a domain so that’s why you need to pay an annual fee on your domain since you’re not in fact 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 windows registry that manages that domain name extension which is then completely handled 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? Bitcoin Dominance Explained
is a verisign for instance so all these various domain extensions have various computer registries and the role of the computer system registry is just to handle the administrative data for that particular domain name nft domain versus the conventional dns system what’s the difference 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 registries then you have your icann accredited domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that particularly mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital item in this instance our domain names 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 need to already kind of understand why because those are handled by verisign which is a domain name pc registry which is managed by icann that becomes part of 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 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 Bitcoin Dominance Explained
your dot crypto which is connected 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 developed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain clearly over time as like we have decentralized web host develop over time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to develop your own decentralized site presently it’s not truly possible i imply you can do it however it’s pretty technical uh.
One-time purchase of domain.
Streamlines method which people interact with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than traditional domains.
Supports 276 crypto properties.
Need to invest ETH to claim domain.
Still some concern as to whether Unstoppable Domains will accomplish prevalent 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 much easier for users to interact with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to find out IP addresses in order to get to websites, except for crypto addresses.
In this manner they have prospered greatly, as they have developed a domain system that permits users to set up payments for 276 digital possessions under a single domain name, while likewise being able to be utilized as a fully working website that can even have actually dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that once declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.
It is doubly safe since this likewise suggests that the domain can not be blocked by anyone aside from you, so your website is never 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.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 main factors, though it must be noted that acquiring a domain is a one-time cost and requires no yearly 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 upon the domain you choose, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing extra. In addition, there are superior domains that cost 10s of thousands.
The next element is the gas fees associated with using 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 can be found in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend on the current cost of ETH and the network congestion at the time of the transaction. 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 few features of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any yearly renewal is exceptionally appealing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody aside from the owner.
The domains also have more functionality than standard domains since they can be utilized to a payment router, however likewise utilized to develop websites with dApps constructed straight on them since they exist on the blockchain, allowing the use of clever contracts on your website. Bitcoin Dominance Explained
Possibly the best and most attractive feature of Unstoppable Domains is that is offers you a way to have one address for you to get 276 different crypto assets, implying as soon as you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anybody who you wish to get funds from.
There is only one real possible dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.
This might just be a dealbreaker since 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 believe it is unreasonable to pay the gas fees. Nevertheless, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to another person it will be the additional cost connected with getting your domain.