Blockchain Domain Hosting – Blockchain Insights

 

This is where Unstoppable Domains aims to help drive adoption of crypto.Blockchain Domain Hosting… with their blockchain domains. These domains can not only be used as fully functional web pages, with decentralized applications (dApps) integrated, however also as a payment hub address where users can receive over 275 different crypto coins and tokens. By providing complex crypto addresses a human readable name, Unstoppable Domains aims to be the domain addresses of the future.

 

unstoppable domain names is a san francisco-based company that is supplying domain extensions that are tied to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain extension which is tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name extensions is just that they are decentralized so the dns system is managed and operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just totally decentralized so there’s no governing body there’s nothing that needs any kind of approval or authorization you as the owner own your domain so in this video i wish to describe to you whatever that you need to know as a newbie about unstoppable domain make sure to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration actually work i believe

individuals are going to be quite surprised that it’s method more technical and complicated than you imagined 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 launching the domain through a icann accredited domain name register why do i say i can license because you can’t get your domain names straight from i can which is once again the nonprofit company that manages the dns system you need to go through an icann licensed domain name register in order to get a domain name and that’s simply how it works like you resemble why do i need to do that i don’t understand why asking me those are just the rules which’s what people have actually been doing for the last few decades in order to get a domain so that’s why you need to pay a yearly cost on your domain because you’re not in fact buying 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 handles that domain extension which is then completely managed 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? Blockchain Domain Hosting

is a verisign for example so all these various domain extensions have different computer registries and the role of the pc registry is simply to manage the administrative data for that specific domain nft domain names versus the traditional dns system what’s the difference well the traditional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain computer system registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that particularly imply a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents an unique digital item in this instance our domain 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 currently kind of know why since those are handled by verisign which is a domain registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can just get blockchain based domain right now they just have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these 2 are connected to various block chains that’s it so you have Blockchain Domain Hosting

 

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 little bit more features and services built 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 tailored crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain obviously over time as like we have decentralized webhosting develop in time it will be possible to use like a decentralized domain name and a decentralized web host to develop your own decentralized site currently it’s not actually possible i indicate you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people engage with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than standard domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some question as to 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 engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, 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 actually prospered greatly, as they have created a domain system that permits users to set up payments for 276 digital properties under a single domain, while likewise having the ability to be used as a completely working website that can even have dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since as soon as claimed the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.

It is twice as safe since this also suggests that the domain can not be obstructed by anyone aside from you, so your website is never at risk of being down due to censorship. The website for buying the domains is safe also and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary aspects, 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 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 upon domain type (. crypto is more than.wallet for example), 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 charges associated with using the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to claim them is available in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the existing expense of ETH and the network congestion at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the Best Functions of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no yearly renewal is exceptionally enticing thinking about the way traditional 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 since they can be utilized to a payment router, however also utilized to develop sites with dApps developed straight on them since they exist on the blockchain, allowing the use of clever agreements on your site. Blockchain Domain Hosting

Maybe the very best and most appealing feature of Unstoppable Domains is that is provides you a way to have one address for you to get 276 various crypto possessions, indicating as soon as you set it up you will only ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not only for you, but for anyone who you want to receive funds from.

 

Possible Dealbreakers.

There is only one real potential dealbreaker when it concerns utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.

This may just be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. Nevertheless, this is a one-time transaction charge, and unless you decide to sell/transfer your domain to someone else it will be the additional fee associated with getting your domain.