Is Namecoin Dead – Blockchain Insights

 

This is where Unstoppable Domains aims to help drive adoption of crypto.Is Namecoin Dead… with their blockchain domains. These domains can not only be utilized as completely practical web pages, with decentralized applications (dApps) built-in, but also as a payment hub address where users can receive over 275 various crypto coins and tokens. By offering intricate crypto addresses a human understandable 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 name extensions that are connected to the blockchain instead of being tied 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 name extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and run by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or permission you as the owner own your domain name so in this video i want to discuss to you everything that you need to referred to as a beginner about unstoppable domain make certain to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration actually work i think

individuals are going to be rather surprised that it’s method more technical and complex than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain through a icann certified domain name register why do i say i can certify since you can’t get your domain directly from i can which is once again the nonprofit organization that handles the dns system you need to go through an icann licensed domain register in order to get a domain name which’s just how it works like you’re like why do i need to do that i do not know why asking me those are just the rules which’s what people have been doing for the last couple of decades in order to get a domain so that’s why you require to pay an annual cost on your domain names because you’re not actually 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 totally handled 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? Is Namecoin Dead

is a verisign for example so all these various domain extensions have different pc registries and the function of the computer system registry is just to handle the administrative data for that particular domain name nft domain versus the standard dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain pc registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but 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 item in this instance our domain names 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 find out that you can’t geta.com.net.org why well you can’t you must currently type of understand why because those are handled by verisign which is a domain name registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names 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 primary difference is that these 2 are connected to different block chains that’s it so you have Is Namecoin Dead

 

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 services and features developed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill however functionally speaking they are the same individualized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain clearly with time as like we have decentralized web host develop in time it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized website presently it’s not really possible i mean you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people connect with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto properties.

Cons.

Have to spend ETH to claim domain.

Still some question as to whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be simpler for users to interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this manner they have prospered significantly, as they have developed a domain system that permits users to set up payments for 276 digital assets under a single domain name, while also having the ability to be used as a fully working website that can even have dApps constructed 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 incredibly safe since when claimed the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.

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

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 main factors, though it needs to be kept in mind that acquiring a domain is a one-time expense and needs no yearly renewals of any sort.

The first element is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you pick, as expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.

The next element is the gas costs related to using the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the transaction to declare 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 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 Features of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand apart. The fact that it is a one-time purchase without any 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 taken down by anyone besides the owner.

The domains also have more performance than conventional domains due to the fact that they can be used to a payment router, however likewise used to develop sites with dApps built directly on them because they exist on the blockchain, allowing the use of smart agreements on your site. Is Namecoin Dead

Maybe the best and most attractive feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto properties, meaning 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 simpler not just for you, but for anybody who you wish to get funds from.

 

Prospective Dealbreakers.

There is only one genuine potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This may only be a dealbreaker since 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 costs. Nevertheless, this is a one-time transaction fee, and unless you choose to sell/transfer your domain to another person it will be the extra charge associated with getting your domain.