Of using these blockchain based domain name extensions…Unstoppable Domains Down… is just that they are decentralized so the dns system is controlled and run by icann so anything constantly needs approval from that governing body but 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 needs any kind of approval or consent you as the owner own your domain name so in this video i wish to explain to you whatever that you require to referred to as a novice about unstoppable domain names make certain to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration in fact work i believe
They require to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to buy a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to take a domain at any offered time. Now, this is technically exceptionally unusual, however it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. The power structure is very different since when we’ve sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the computer system registry not to change rates or take the domain away from you in the future.. Our domain are one-time costs, so you never ever have to worry about it. Once you purchase a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. Once you have it, we can’t update or edit or take the football away from you. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to build. In regards to us getting started, it was a little simpler for us to sort of handle the whole user experience and develop all these special tools.
people are going to be rather stunned that it’s method more complex and technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re launching the domain name through a icann accredited domain name register why do i state i can accredit since you can’t get your domain names directly from i can which is again the nonprofit organization that manages the dns system you need to go through an icann licensed domain name register in order to get a domain name and that’s just how it works like you’re like why do i need to do that i don’t know why asking me those are simply the guidelines and that’s what people have actually been doing for the last couple of decades in order to get a domain name so that’s why you need to pay a yearly fee on your domain due to the fact that you’re not really 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 computer system registry that manages that domain name extension which is then absolutely managed and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension
Is unstoppable domains on Ethereum? Unstoppable Domains Down
is a verisign for example so all these various domain extensions have various computer registries and the role of the computer registry is simply to handle the administrative data for that specific domain name nft domain versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain pc 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 specifically mean a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital product in this circumstances our domain names 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 discover that you can’t geta.com.net.org why well you can’t you need to currently sort of understand why since those are managed by verisign which is a domain name windows registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain names you can just get blockchain based domain names right now they just have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these two are connected to different block chains that’s it so you have Unstoppable Domains Down
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 little bit more features 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 established as a payment gateway so this is the main function of unstoppable domain obviously in time as like we have decentralized webhosting develop over time it will be possible to use like a decentralized domain name 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 individuals engage with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than traditional domains.
Supports 276 crypto assets.
Need to invest ETH to claim domain.
Still some concern as to whether Unstoppable Domains will achieve widespread 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 requirement 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 came into place, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.
In this manner they have prospered greatly, as they have produced a domain system that allows users to establish payments for 276 digital assets under a single domain name, while likewise having the ability to be utilized as a fully functioning website that can even have actually dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe since once declared the domains exist under your address on blockchain, implying they are as safe as the blockchain itself.
It is doubly safe due to the fact that this also suggests that the domain can not be blocked by anybody 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 also and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a two main 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 aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you pick, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.
The next element is the gas fees associated with using the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the transaction to declare them comes in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend upon the present cost of ETH and the network congestion at the time of the deal. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the very best Features of Unstoppable Domains?
There are a few features of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any yearly renewal is exceptionally attractive considering the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody aside from the owner.
The domains also have more performance than conventional domains because they can be used to a payment router, however also utilized to develop websites with dApps built directly on them since they exist on the blockchain, allowing the use of wise contracts on your site. Unstoppable Domains Down
Perhaps 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, 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 simpler not only for you, but for anybody who you wish to receive funds from.
There is only one real potential dealbreaker when it comes to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This might only be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to claim 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 choose to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.