Of using these blockchain based domain name extensions…Unstoppable Domains Is A Scam… is just 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 simply entirely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or authorization you as the owner own your domain name so in this video i wish to explain to you everything that you need to called a newbie about unstoppable domain ensure to check the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration really work i believe
– Right now, when you go to buy a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. If it’s a.com domain you’re trusting the computer system registry not to change prices or take the domain away from you in the future.
people are going to be rather shocked that it’s method more technical and complicated than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re launching the domain through a icann accredited domain name register why do i state i can license because you can’t get your domain names directly from i can which is once again the not-for-profit company 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 simply how it works like you’re like why do i have to do that i do not understand why asking me those are just the guidelines and that’s what individuals have been providing for the last few years in order to get a domain so that’s why you need to pay an annual charge on your domain because you’re not actually 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 registry that manages that domain extension which is then absolutely managed and arranged 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? Unstoppable Domains Is A Scam
is a verisign for example so all these different domain name extensions have different computer registries and the function of the windows registry is simply to manage the administrative information for that specific domain name nft domain names versus the standard dns system what’s the distinction well the traditional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain pc registries then you have your icann certified domain name 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 imply a non-fungible token is simply 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 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 kind of understand why due to the fact that those are managed by verisign which is a domain name computer registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain you can only get blockchain based domain today they just have a dot crypto in dot zo at the time of recording this video the main difference is that these two are tied to various block chains that’s it so you have Unstoppable Domains Is A Scam
your dot crypto which is connected to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more industrialized and you have a little bit more services and functions constructed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the main feature of unstoppable domain names obviously in time as like we have actually decentralized web host establish gradually it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized website presently it’s not really possible i imply you can do it but it’s pretty technical uh.
Pros.
One-time purchase of domain.
Simplifies way in which individuals interact with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than traditional domains.
Supports 276 crypto properties.
Cons.
Need to spend ETH to claim domain.
Still some question regarding whether Unstoppable Domains will achieve prevalent 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 easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered 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 actually been successful greatly, as they have created a domain system that allows users to establish payments for 276 digital possessions under a single domain name, while also having the ability to be utilized as a totally working site that can even have actually dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe since once claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.
It is doubly safe because this also means that the domain can not be blocked by anyone other than you, so your site is never at risk of being down due to censorship. The site for acquiring the domains is safe too and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a 2 main factors, though it must be noted that acquiring a domain is a one-time cost and needs no yearly renewals of any sort.
The first aspect is the expense 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 example), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next factor is the gas charges related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to claim them can be found in ETH and is not consisted of in your preliminary purchase. The gas fees you will pay will depend on the present expense of ETH and the network blockage at the time of the deal. 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 features of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any yearly renewal is very enticing considering the method conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody besides the owner.
The domains likewise have more performance than conventional domains due to the fact that they can be utilized to a payment router, but likewise utilized to create sites with dApps developed straight on them because they exist on the blockchain, allowing the use of smart agreements on your website. Unstoppable Domains Is A Scam
Maybe the best and most enticing function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto possessions, suggesting as soon as you set it up you will just ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not just for you, but for anyone who you wish to get funds from.
Prospective Dealbreakers.
There is only one genuine potential dealbreaker when it pertains to utilizing Unstoppable Domains, which is the expense of declaring your domain with Ethereum.
This may only be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to acquire some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time deal charge, and unless you decide to sell/transfer your domain to another person it will be the extra charge connected with getting your domain.