Namecoin Explorer – Blockchain Insights

 

This is where Unstoppable Domains aims to assist drive adoption of crypto.Namecoin Explorer… with their blockchain domains. These domains can not just be used as fully functional websites, with decentralized applications (dApps) built-in, however also as a payment hub address where users can receive over 275 various crypto coins and tokens. By offering complicated crypto addresses a human legible 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 connected to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is tied 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 name extensions is just that they are decentralized so the dns system is managed and run 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 simply entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or consent you as the owner own your domain so in this video i want to discuss to you everything that you need to referred to as a newbie about unstoppable domain make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain name registration really work i believe

people are going to be rather surprised that it’s method more technical and complex than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re launching the domain name through a icann accredited domain name register why do i say i can license because you can’t get your domain directly from i can which is again the nonprofit organization that manages the dns system you have to go through an icann licensed domain register in order to get a domain and that’s simply how it works like you’re like why do i need to do that i do not understand why asking me those are just the rules and that’s what people have been providing for the last few years in order to get a domain so that’s why you require to pay a yearly fee on your domain names since you’re not really 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 windows registry that manages 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? Namecoin Explorer

is a verisign for instance so all these various domain name extensions have different pc registries and the role of the computer registry is just to manage the administrative information for that particular domain nft domain names versus the traditional dns system what’s the difference well the traditional dns system is a centralized 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 name 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 suggest a non-fungible token is just a piece of information 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 difference with these two 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 ought to currently type of understand why due to the fact that those are managed by verisign which is a domain pc registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can just get blockchain based domain names today they just have a dot crypto in dot zo at the time of taping this video the main distinction is that these two are tied to different block chains that’s it so you have Namecoin Explorer

 

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 services and features built around uh at the ethereum blockchain with a dot crypto domain than you do 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 main function of unstoppable domain certainly with time as like we have actually decentralized webhosting establish with time it will be possible to utilize like a decentralized domain name and a decentralized web host to develop your own decentralized website currently it’s not actually possible i suggest you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals connect with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will attain extensive 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 need for it to be simpler for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually been successful greatly, as they have developed a domain system that permits users to establish payments for 276 digital assets under a single domain, while also being able to be utilized as a completely operating website that can even have dApps developed onto them due to the fact that 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 exceptionally safe since as soon as claimed the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is two times as safe due to the fact that this likewise means that the domain can not be obstructed by anyone besides you, so your website is never ever at risk of being down due to censorship. The site for buying the domains is safe too and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a two primary elements, though it ought to be kept in mind that buying a domain is a one-time cost and needs no annual renewals of any sort.

The first factor is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on 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 much shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.

The next element is the gas fees connected with using the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend upon the current expense of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any annual renewal is extremely enticing thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone aside from the owner.

The domains also have more functionality than conventional domains due to the fact that they can be used to a payment router, but also used to create websites with dApps built directly on them because they exist on the blockchain, allowing the use of smart agreements on your website. Namecoin Explorer

Possibly the very best and most attractive function of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 different crypto possessions, implying when you set it up you will just ever need to understand 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 anyone who you want to get funds from.

 

Possible Dealbreakers.

There is only one genuine prospective dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of claiming 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 acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.