Of using these blockchain based domain extensions…Namecoin No Block Source Available… is simply that they are decentralized so the dns system is controlled and run by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that needs any type of approval or permission you as the owner own your domain so in this video i wish to explain to you whatever that you need to called a novice about unstoppable domain make sure to inspect the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration actually work i believe
– Right now, when you go to purchase a domain name you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. If it’s a.com domain you’re relying on the pc registry not to alter costs or take the domain away from you in the future.
people are going to be quite shocked that it’s way more complicated and technical than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i state i can accredit because you can’t get your domain names directly from i can which is 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 which’s just how it works like you resemble 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 providing for the last few decades in order to get a domain so that’s why you require to pay an annual fee on your domain names due to the fact that you’re not in fact buying 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 pc registry that handles that domain name extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension
Is unstoppable domains on Ethereum? Namecoin No Block Source Available
is a verisign for example so all these different domain name extensions have various windows registries and the function of the computer registry is simply to manage the administrative information for that specific domain nft domain names versus the conventional 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 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 change it however like what does that particularly mean a non-fungible token is just a piece of information discovered 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 difference with these 2 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 should currently type of know why due to the fact that those are handled by verisign which is a domain name computer registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain through unstoppable domain names you can only 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 distinction is that these two are connected to different block chains that’s it so you have Namecoin No Block Source Available
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 make with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain clearly over time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized website presently it’s not really possible i indicate you can do it but it’s quite technical uh.
Pros.
One-time purchase of domain.
Simplifies way in which individuals communicate with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than standard domains.
Supports 276 crypto properties.
Cons.
Have to spend ETH to claim domain.
Still some concern regarding 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 current CEO, who saw a requirement for it to be much 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 sites, except for crypto addresses.
In this manner they have succeeded greatly, as they have produced a domain system that allows users to establish payments for 276 digital properties under a single domain, while likewise being able to be used as a completely functioning website that can even have actually dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal charges, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe because when claimed the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.
It is two times as safe since this also implies that the domain can not be blocked by anybody besides you, so your site is never at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a 2 primary factors, though it must be kept in mind that purchasing a domain is a one-time expense and needs no yearly renewals of any sort.
The very 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 select, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.
The next aspect is the gas costs associated with using the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the current cost of ETH and the network blockage at the time of the deal. 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 functions of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no annual renewal is exceptionally attractive considering the way standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anyone other than the owner.
The domains also have more performance than conventional domains since they can be used to a payment router, however also used to develop websites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Namecoin No Block Source Available
Maybe the best and most appealing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto assets, implying once you set it up you will just ever need to understand 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 anyone who you wish to receive funds from.
https://www.youtube.com/watch?v=Zm6uZzZwLSg
Potential Dealbreakers.
There is only one real possible dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost of claiming 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 charges. Nevertheless, this is a one-time deal fee, and unless you decide to sell/transfer your domain to somebody else it will be the additional fee related to getting your domain.