unstoppable domain is a san francisco-based company….Crypto Domain Risk… that is offering domain name extensions that are tied to the blockchain instead of being tied to the dns system particularly you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain name extension which is tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and run by icann so anything constantly requires 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 absolutely nothing that requires any kind of approval or authorization you as the owner own your domain name so in this video i want to explain to you everything that you need to know as a beginner about unstoppable domain make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration actually work i believe
individuals 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 in fact purchasing the domain name what you’re doing is you’re releasing the domain name through a icann licensed domain name register why do i say i can license 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 licensed domain name register in order to get a domain which’s just how it works like you resemble why do i need to do that i don’t know why asking me those are just 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 require to pay an annual fee on your domain names since 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 pc 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 pc registry for that extension
Is unstoppable domains on Ethereum? .Crypto Domain Risk
is a verisign for instance so all these various domain name extensions have different windows registries and the function of the windows registry is just to handle the administrative data for that specific domain nft domain versus the standard dns system what’s the difference well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain computer registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that particularly mean a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents an unique digital item in this instance our domain 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 due to the fact that those are managed by verisign which is a domain computer system registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds 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 distinction is that these two are connected to various block chains that’s it so you have .Crypto Domain Risk
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 developed and you have a bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however functionally speaking they are the same tailored crypto addresses that can be set up as a payment entrance so this is the primary function of unstoppable domain clearly with time as like we have decentralized webhosting establish gradually it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized website currently it’s not actually possible i suggest you can do it however it’s quite technical uh.
One-time purchase of domain.
Simplifies method which individuals communicate with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than conventional domains.
Supports 276 crypto assets.
Need to invest ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve prevalent adoption.
Some domains are still pre-sale just.
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 communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually succeeded greatly, as they have developed a domain system that permits users to set up payments for 276 digital properties under a single domain name, while also having the ability to be used as a totally functioning website that can even have dApps developed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that once claimed the domains exist under your address on blockchain, suggesting they are as secure as the blockchain itself.
It is two times as safe due to the fact that this likewise indicates that the domain can not be obstructed by anyone aside from you, so your website is never ever 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.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a 2 main elements, though it should be kept in mind that acquiring 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 range from $20 USD to well over $1000 USD depending upon the domain you pick, as expense is based upon 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 premium domains that cost 10s of thousands.