When sending cryptocurrencies…Namecoin Explorer… The problem that often occurs is confirming that you have the ideal address, since it is a complicated string of letters and numbers, even doing a copy and paste most likely lead to you meticulously confirming that whatever pasted properly, despite the fact that it should have.
This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. These domains can not just be used as fully practical websites, 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 providing complicated 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 extensions that are tied to the blockchain instead of being tied 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 name extension which is connected 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 run by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just entirely 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 discuss to you everything that you require to know as a beginner about unstoppable domain make sure to examine 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 think
people are going to be quite shocked that it’s way more technical and complicated than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i say i can license because you can’t get your domain directly from i can which is once again the not-for-profit organization that manages the dns system you need to go through an icann certified domain register in order to get a domain and that’s just how it works like you’re like why do i have to do that i don’t 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 charge on your domain because you’re not really 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 system registry that handles that domain name extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension
Is unstoppable domains on Ethereum? Namecoin Explorer
is a verisign for example so all these different domain name extensions have different computer system registries and the role of the registry is just to manage the administrative information for that specific domain nft domain versus the conventional dns system what’s the distinction well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain windows registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that specifically suggest a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a special digital item in this instance 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 need to currently kind of know why because those are handled by verisign which is a domain registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain 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 connected 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 industrialized and you have a bit more services and functions built 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 customized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain obviously over time as like we have actually decentralized webhosting develop gradually 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 pretty technical uh.
Pros.
One-time purchase of domain.
Simplifies way in which individuals communicate with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than traditional domains.
Supports 276 crypto properties.
Cons.
Have to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve prevalent adoption.
Some domains are still pre-sale just.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a need 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 place, 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 succeeded significantly, as they have produced a domain system that allows users to set up payments for 276 digital assets under a single domain, while likewise having the ability to be used as a completely operating website that can even have dApps built onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe because when declared the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.
It is two times as safe because this also implies 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 also and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 primary aspects, though it ought to be noted that buying a domain is a one-time cost 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 pick, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.
The next aspect is the gas charges related to using the Ethereum blockchain to declare your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to claim them comes in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend on the present cost of ETH and the network congestion at the time of the transaction. In general 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 stick out. The fact that it is a one-time purchase without any yearly renewal is incredibly appealing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone aside from the owner.
The domains likewise have more performance than traditional domains because they can be utilized to a payment router, however likewise utilized to produce sites with dApps developed directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Namecoin Explorer
Possibly the very best and most attractive feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto properties, suggesting when 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 anybody who you want to receive funds from.
Possible Dealbreakers.
There is only one real possible dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost 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 buy some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas charges. This is a one-time deal charge, and unless you decide to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.