unstoppable domain is a san francisco-based business…Is It Profitable To Mine Namecoin… that is supplying domain name extensions that are tied to the blockchain instead of being connected 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 connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and run by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply 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 want to discuss to you everything that you need to know as a beginner about unstoppable domain make certain 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 think
individuals are going to be quite surprised that it’s way more technical and complicated than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re launching the domain name through a icann certified domain register why do i state i can certify since you can’t get your domain names directly from i can which is again the nonprofit organization that handles the dns system you have to go through an icann licensed domain register in order to get a domain which’s simply how it works like you resemble why do i need to do that i do not understand why asking me those are just the rules and that’s what individuals have actually been providing for the last few years in order to get a domain name so that’s why you need to pay an annual cost on your domain due to the fact that you’re not in fact purchasing an owning domain 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 registry that manages that domain extension which is then completely 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? Is It Profitable To Mine Namecoin
is a verisign for instance so all these different domain extensions have various computer registries and the function of the pc registry is just to manage the administrative data for that particular domain nft domain names versus the traditional dns system what’s the distinction well the conventional 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 certified 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 indicate a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a special digital product in this instance our domain names dot crypto versus dot zill what’s the difference with these 2 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 type of understand why because those are managed 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 names through unstoppable domain you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the primary difference is that these 2 are connected to different block chains that’s it so you have Is It Profitable To Mine Namecoin
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 little bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain clearly with time as like we have actually decentralized web host establish with time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized site presently it’s not truly possible i imply you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies way in which individuals interact with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than conventional domains.
Supports 276 crypto properties.
Need to spend ETH to claim domain.
Still some question 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 existing CEO, who saw a need for it to be easier for users to communicate 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 find out IP addresses in order to get to websites, except for crypto addresses.
In this way they have been successful 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 working site that can even have dApps built 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 due to the fact that when declared the domains exist under your address on blockchain, implying they are as safe as the blockchain itself.
It is two times as safe since this also implies that the domain can not be obstructed by anybody other than you, so your site is never ever at risk of being down due to censorship. The site for buying the domains is safe also and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a 2 primary elements, though it should be noted that buying a domain is a one-time expense and needs no annual renewals of any sort.
The very first element is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.