Namecoins – Blockchain Insights

 

This is where Unstoppable Domains aims to help drive adoption of crypto.Namecoins… with their blockchain domains. These domains can not only be used as totally functional web pages, with decentralized applications (dApps) built-in, however also as a payment center address where users can get over 275 different crypto coins and tokens. By providing complex crypto addresses a human legible name, Unstoppable Domains aims to be the domain addresses of the future.

 

unstoppable domain names is a san francisco-based company that is providing 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 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 benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything constantly needs 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 authorization you as the owner own your domain name so in this video i want to discuss to you whatever that you require to know as a novice about unstoppable domain make sure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration really work i believe

individuals 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 actually buying the domain name what you’re doing is you’re launching the domain through a icann accredited domain register why do i say i can certify because you can’t get your domain straight from i can which is once again the not-for-profit organization that handles the dns system you have to go through an icann certified domain name register in order to get a domain name which’s simply how it works like you’re like why do i have to do that i do not know why asking me those are just the rules which’s what individuals have actually been providing for the last couple of years in order to get a domain name so that’s why you need to pay an annual cost on your domain since you’re not actually purchasing an owning domain what you’re doing is leasing 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 registry that handles that domain extension which is then totally 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? Namecoins

is a verisign for example so all these different domain name extensions have different registries and the role of the windows 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 centralized system as i alluded to earlier based around icann so you have icann you have your domain pc 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 however like what does that particularly imply a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents a special digital product in this instance our domain dot crypto versus dot zill what’s the distinction 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 sort of understand why since those are handled by verisign which is a domain pc registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of taping this video the primary difference is that these 2 are connected to various block chains that’s it so you have Namecoins

 

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 features 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 tailored crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain names certainly over time as like we have actually decentralized webhosting develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website presently it’s not truly possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than traditional domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some concern 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 existing CEO, who saw a requirement for it to be easier for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually prospered significantly, as they have actually produced a domain system that enables users to establish payments for 276 digital assets under a single domain name, while likewise having the ability to be used as a completely working site that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe due to the fact that when declared the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.

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

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two main aspects, though it must be kept in mind that acquiring a domain is a one-time expense and needs no annual renewals of any sort.

The very first aspect is the cost of the domain itself, this can range 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 name, with shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.

The next aspect is the gas charges related to using the Ethereum blockchain to declare your domain, because the domains are kept on the Ethereum blockchain, the deal to claim them is available in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend upon the existing expense 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 functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no annual renewal is very appealing considering the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.

The domains also have more performance than traditional domains because they can be used to a payment router, however also utilized to create sites with dApps constructed straight on them because they exist on the blockchain, allowing the use of smart agreements on your site. Namecoins

Possibly the very best and most attractive feature of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 various crypto assets, indicating as soon as you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anyone who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one genuine potential dealbreaker when it pertains to using Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.

This might only be a dealbreaker since you do not have any Ethereum at your address and require to buy some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.