When sending cryptocurrencies…Address/Blockchain Domain Note… The problem that typically develops is verifying that you have the right address, since it is a complicated string of letters and numbers, even doing a copy and paste likely results in you meticulously validating that whatever pasted correctly, even though it must have.
This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. These domains can not just be utilized as completely functional websites, with decentralized applications (dApps) built-in, however also as a payment center address where users can receive over 275 various crypto coins and tokens. By offering complex 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 providing 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 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 simply that they are decentralized so the dns system is managed and run by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just totally decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain name so in this video i wish to discuss to you whatever that you require to referred to as a beginner about unstoppable domain make certain to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration actually work i think
people are going to be quite stunned that it’s method more complicated and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain name through a icann certified domain name register why do i state i can certify since you can’t get your domain names directly from i can which is once again the not-for-profit organization that handles the dns system you need to go through an icann licensed domain register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i don’t understand why asking me those are simply the rules which’s what people have been doing for the last few decades in order to get a domain so that’s why you need to pay a yearly fee on your domain due to the fact that you’re not actually purchasing an owning domain name 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 extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension
Is unstoppable domains on Ethereum? Address/Blockchain Domain Note
is a verisign for instance so all these different domain extensions have various registries and the function of the computer registry is just to manage the administrative information for that specific domain nft domain versus the traditional dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain pc registries then you have your icann certified 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 particularly indicate a non-fungible token is just 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 distinction with these two 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 should currently type of understand why since those are handled by verisign which is a domain 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 you can just get blockchain based domain today they just have a dot crypto in dot zo at the time of recording this video the primary difference is that these two are connected to various block chains that’s it so you have Address/Blockchain Domain Note
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 industrialized and you have a bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the primary feature of unstoppable domain undoubtedly with time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized site presently it’s not actually possible i imply you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies way in which people engage with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than traditional domains.
Supports 276 crypto assets.
Have to spend ETH to claim domain.
Still some question regarding whether Unstoppable Domains will attain widespread 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 much easier 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 need to discover IP addresses in order to get to sites, except for crypto addresses.
In this way they have actually succeeded considerably, as they have developed a domain system that permits users to set up payments for 276 digital possessions under a single domain name, while also being able to be utilized as a completely functioning website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe because when claimed the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.
It is doubly safe because this also implies that the domain can not be obstructed by anybody besides 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 secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two main elements, though it should be kept in mind that purchasing a domain is a one-time cost and requires no yearly 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 pick, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.
The next element is the gas charges related to utilizing the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the existing expense of ETH and the network blockage at the time of the transaction. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Functions of Unstoppable Domains?
There are a few functions of Unstoppable Domains that stick out. The reality that it is a one-time purchase with no yearly renewal is incredibly attractive considering the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anybody other than the owner.
The domains also have more functionality than traditional domains because they can be utilized to a payment router, but also utilized to produce websites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your site. Address/Blockchain Domain Note
Perhaps the best and most appealing function of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 various crypto possessions, meaning once you set it up you will just ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not just for you, but for anybody who you want to receive funds from.
There is only one real prospective dealbreaker when it comes to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.
This may just be a dealbreaker since you do not have any Ethereum at your address and need to purchase some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. Nevertheless, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to another person it will be the additional cost related to getting your domain.