When sending out cryptocurrencies…Total Hand Registered Cryptocurrency Domain Name Registrations… The concern that frequently develops is verifying that you have the ideal address, because it is a complex string of numbers and letters, even doing a copy and paste most likely lead to you carefully confirming that whatever pasted correctly, although it should have.
This is where Unstoppable Domains aims to assist drive adoption of crypto with their blockchain domains. These domains can not just be used as totally functional web pages, with decentralized applications (dApps) built-in, however likewise as a payment hub address where users can receive over 275 different crypto coins and tokens. By providing complicated crypto addresses a human readable 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 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 benefit 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 totally decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or consent you as the owner own your domain name so in this video i want to describe to you everything that you need to know as a novice 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 begin how does domain name registration actually work i think
individuals are going to be rather stunned that it’s way more technical and complicated than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re launching the domain through a icann certified domain register why do i state i can accredit because you can’t get your domain names directly from i can which is once again the nonprofit company that handles the dns system you have to go through an icann certified domain register in order to get a domain name which’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 guidelines and that’s what individuals have been doing for the last couple of years in order to get a domain so that’s why you need to pay an annual cost on your domain names due to the fact that you’re not in fact buying an owning domain 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 pc registry that manages that domain name extension which is then totally 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? Total Hand Registered Cryptocurrency Domain Name Registrations
is a verisign for example so all these different domain name extensions have different computer registries and the role of the pc registry is just to handle the administrative data for that particular domain nft domain versus the standard dns system what’s the difference well the traditional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain computer system 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 but like what does that specifically suggest a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a special digital product in this circumstances our domain names dot crypto versus dot zill what’s the distinction 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 should currently kind of understand why since those are handled by verisign which is a domain computer 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 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 different block chains that’s it so you have Total Hand Registered Cryptocurrency Domain Name Registrations
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 functions and services built around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain names obviously with time as like we have actually decentralized webhosting establish over time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized website presently it’s not truly possible i indicate you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies way in which individuals communicate with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than standard domains.
Supports 276 crypto properties.
Have to spend ETH to claim domain.
Still some question 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 simpler for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into place, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.
In this manner they have prospered significantly, as they have developed a domain system that enables users to set up payments for 276 digital assets under a single domain name, while likewise being able to be used as a fully working site that can even have dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe because when declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.
It is twice as safe since this also indicates that the domain can not be blocked by anybody aside from you, so your website is never at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 primary elements, though it needs to be kept in mind that purchasing a domain is a one-time cost and needs no annual renewals of any sort.
The very first factor 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 on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.
The next factor is the gas costs associated with using the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the transaction 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 present expense 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 Best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The reality that it is a one-time purchase with no annual renewal is exceptionally enticing thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody aside from the owner.
The domains likewise have more functionality than standard domains because they can be used to a payment router, however likewise used to produce websites with dApps constructed directly on them because they exist on the blockchain, allowing the use of wise agreements on your website. Total Hand Registered Cryptocurrency Domain Name Registrations
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 receive 276 different crypto assets, indicating when you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not only for you, but for anyone who you want to receive funds from.
There is only one genuine potential dealbreaker when it concerns using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.
This might only be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time transaction charge, and unless you decide to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.