Of using these blockchain based domain name extensions…Blockchain Block Api Domain Url… is just that they are decentralized so the dns system is managed and operated by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that needs any type of approval or authorization 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 newbie about unstoppable domain names ensure 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 registration in fact work i think
– Right now, when you go to buy a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain windows registry. If it’s a.com domain you’re relying on the computer system registry not to alter costs or take the domain away from you in the future.
people are going to be rather surprised that it’s way more technical and complex than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain name through a icann certified domain name register why do i state i can accredit due to the fact that you can’t get your domain directly from i can which is once again the nonprofit company that handles the dns system you need to go through an icann certified domain name register in order to get a domain and that’s just how it works like you resemble why do i need to do that i don’t understand why asking me those are simply the rules and that’s what people have actually been doing for the last couple of years in order to get a domain so that’s why you need to pay a yearly cost on your domain names since you’re not really purchasing 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 registry that handles that domain name extension which is then totally managed 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? Blockchain Block Api Domain Url
is a verisign for example so all these different domain extensions have various computer registries and the role of the registry is just to manage the administrative information for that particular domain nft domain names versus the conventional dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain registries then you have your icann accredited 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 particularly imply a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique 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 discover that you can’t geta.com.net.org why well you can’t you need to already sort of know why because those are handled by verisign which is a domain computer system registry which is handled 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 right now they only have a dot crypto in dot zo at the time of taping this video the main difference is that these two are tied to various block chains that’s it so you have Blockchain Block Api Domain Url
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 little bit more features and services developed 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 tailored crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain undoubtedly gradually as like we have decentralized web host develop with time it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized site currently it’s not really possible i suggest you can do it however it’s pretty technical uh.
Pros.
One-time purchase of domain.
Streamlines method which individuals connect with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than standard domains.
Supports 276 crypto assets.
Cons.
Have to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will achieve 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 have to discover IP addresses in order to get to websites, except for crypto addresses.
In this way they have prospered greatly, as they have actually developed a domain system that enables users to set up payments for 276 digital possessions under a single domain name, while also being able to be used as a fully functioning website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no annual 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 protected as the blockchain itself.
It is doubly safe since this also means that the domain can not be blocked by anyone other than you, so your site is never ever at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a two primary aspects, though it should be noted that acquiring a domain is a one-time expense and needs no yearly renewals of any sort.
The first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you select, as cost is based upon domain type (. crypto is more than.wallet for instance), 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 fees connected with utilizing the Ethereum blockchain to declare your domain, because the domains are stored on the Ethereum blockchain, the deal to claim them comes in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the present cost of ETH and the network congestion at the time of the transaction. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Features of Unstoppable Domains?
There are a few functions of Unstoppable Domains that stand out. The truth that it is a one-time purchase without any yearly renewal is extremely attractive thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone aside from the owner.
The domains likewise have more functionality than conventional domains because they can be used to a payment router, however also utilized to produce sites with dApps built directly on them because they exist on the blockchain, allowing the use of smart contracts on your website. Blockchain Block Api Domain Url
Possibly the best and most attractive function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto assets, suggesting once you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anyone who you want to get funds from.
Potential Dealbreakers.
There is only one real possible dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.
This might just be a dealbreaker because 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 think it is unreasonable to pay the gas costs. This is a one-time transaction fee, and unless you decide to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.