unstoppable domain names is a san francisco-based business…How Much Did Amazon Pay For The Cryptocurrency Domain Name… that is providing domain extensions that are tied to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain extension which is connected 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 controlled and operated 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 simply totally 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 want to discuss to you everything that you require to know as a beginner about unstoppable domain ensure to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration in fact work i think
people are going to be quite stunned that it’s way more technical and complicated than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re releasing the domain name through a icann licensed domain 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 company that manages the dns system you have to go through an icann licensed domain register in order to get a domain which’s just how it works like you resemble why do i need to do that i do not know why asking me those are just the rules which’s what people have been providing for the last couple of years in order to get a domain name so that’s why you require to pay an annual charge 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 so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the computer registry that handles that domain name extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension
Is unstoppable domains on Ethereum? How Much Did Amazon Pay For The Cryptocurrency Domain Name
is a verisign for example so all these different domain extensions have different computer registries and the function of the 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 conventional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that specifically mean a non-fungible token is just a piece of data 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 difference with these two so if you jump over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you must currently kind of understand why due to the fact that those are handled by verisign which is a domain name computer system registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds 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 taping this video the primary distinction is that these two are tied to different block chains that’s it so you have How Much Did Amazon Pay For The Cryptocurrency Domain Name
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 bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill however functionally speaking they are the same personalized crypto addresses that can be set up as a payment entrance so this is the primary function of unstoppable domain obviously with time as like we have actually decentralized webhosting develop gradually it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized website currently it’s not actually possible i imply you can do it however it’s pretty technical uh.
One-time purchase of domain.
Streamlines method which people interact with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than standard domains.
Supports 276 crypto assets.
Need to invest ETH to claim domain.
Still some question as to whether Unstoppable Domains will accomplish 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 simpler for users to connect with crypto addresses. The aim 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 websites, except for crypto addresses.
In this manner they have actually been successful significantly, as they have actually developed a domain system that enables users to set up payments for 276 digital properties under a single domain name, while likewise being able to be used as a totally functioning site that can even have actually dApps built onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe since once claimed the domains exist under your address on blockchain, implying they are as safe and secure as the blockchain itself.
It is doubly safe since this likewise indicates that the domain can not be obstructed by anybody besides 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.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two primary elements, though it ought to be kept in mind that acquiring a domain is a one-time expense and requires no annual renewals of any sort.
The very 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 pick, as expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing extra. In addition, there are superior domains that cost 10s of thousands.