Crypto Kings – Blockchain Insights

 

This is where Unstoppable Domains aims to help drive adoption of crypto.Crypto Kings… with their blockchain domains. These domains can not only be utilized as fully functional web pages, with decentralized applications (dApps) integrated, but also as a payment hub address where users can get over 275 various crypto coins and tokens. By giving intricate crypto addresses a human understandable name, Unstoppable Domains aims to be the domain addresses of the future.

 

unstoppable domain is a san francisco-based company that is supplying domain 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 tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and operated by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that needs any kind of approval or permission 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 examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration actually work i believe

people are going to be rather stunned that it’s method more technical and complicated 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 accredited domain register why do i say i can license due to the fact that you can’t get your domain names directly from i can which is again the nonprofit company that handles the dns system you need to go through an icann accredited domain register in order to get a domain 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 individuals have been providing for the last few years in order to get a domain name so that’s why you need to pay a yearly charge on your domain names since you’re not really 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 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 windows registry for that extension

Is unstoppable domains on Ethereum? Crypto Kings

is a verisign for example so all these various domain extensions have various registries and the role of the computer registry is simply to handle the administrative information for that particular domain name nft domain versus the conventional dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain computer 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 but like what does that particularly imply a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a special digital item in this circumstances our domain dot crypto versus dot zill what’s the difference with these 2 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 ought to already type of know why since those are managed by verisign which is a domain windows registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can just get blockchain based domain names right now they only have a dot crypto in dot zo at the time of recording this video the main difference is that these two are tied to various block chains that’s it so you have Crypto Kings

 

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 constructed 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 individualized crypto addresses that can be set up as a payment gateway so this is the primary feature of unstoppable domain names clearly gradually as like we have decentralized web host develop over time it will be possible to use like a decentralized domain and a decentralized web host to develop your own decentralized site presently it’s not really possible i imply you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals interact with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will attain widespread 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 requirement for it to be easier for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered 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 succeeded considerably, as they have produced a domain system that enables users to establish payments for 276 digital properties under a single domain, while also having the ability to be utilized as a fully working website that can even have actually dApps built onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe due to the fact that as soon as claimed the domains exist under your address on blockchain, meaning they are as protected as the blockchain itself.

It is two times as safe because this also implies 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 protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 main factors, though it needs to 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 expense of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, 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 additional. In addition, there are exceptional domains that cost tens of thousands.

The next element is the gas costs related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the existing 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 total.

What Are the very best Functions of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand out. The truth that it is a one-time purchase without any annual renewal is exceptionally enticing thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody other than the owner.

The domains likewise have more performance than conventional domains since they can be utilized to a payment router, but likewise used to produce websites with dApps built straight on them because they exist on the blockchain, allowing the use of wise contracts on your website. Crypto Kings

Perhaps the best and most appealing function of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 various crypto properties, indicating as soon as you set it up you will just 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 only for you, but for anybody who you want to get funds from.

 

Prospective Dealbreakers.

There is only one real prospective dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of declaring 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 require to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas charges. Nevertheless, this is a one-time transaction charge, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.