unstoppable domain is a san francisco-based company…Namecoin Hardware Wallet… that is offering domain name extensions that are connected 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 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 simply that they are decentralized so the dns system is managed and operated 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 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 name so in this video i wish to discuss to you whatever that you need to know as a novice about unstoppable domain names ensure to examine the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration really work i think
people are going to be quite shocked 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 actually purchasing the domain name what you’re doing is you’re releasing the domain name through a icann certified domain register why do i state i can accredit because you can’t get your domain names straight from i can which is again the not-for-profit 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 simply how it works like you resemble why do i have to do that i don’t know why asking me those are simply the guidelines which’s what people have actually been doing for the last few years in order to get a domain name so that’s why you need to pay an annual fee on your domain due to the fact that you’re not really buying an owning domain what you’re doing is leasing 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 name extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension
Is unstoppable domains on Ethereum? Namecoin Hardware Wallet
is a verisign for example so all these various domain extensions have different windows registries and the role of the computer registry is simply to handle the administrative information for that particular domain name nft domain versus the conventional dns system what’s the difference well the traditional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer system registries then you have your icann accredited domain 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 specifically mean a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents an unique digital product in this instance our domain names 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 find out that you can’t geta.com.net.org why well you can’t you ought to already type of know why since those are handled by verisign which is a domain windows registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can just get blockchain based domain today they only have a dot crypto in dot zo at the time of recording this video the main difference is that these 2 are connected to various block chains that’s it so you have Namecoin Hardware Wallet
your dot crypto which is tied 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 services and features constructed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same customized crypto addresses that can be set up as a payment gateway so this is the primary function 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 webhosting to develop your own decentralized site currently it’s not really possible i suggest you can do it but it’s quite technical uh.
One-time purchase of domain.
Streamlines method which people engage with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than conventional domains.
Supports 276 crypto properties.
Have to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve widespread adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the current 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 entered into location, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually succeeded considerably, as they have created a domain system that allows users to establish payments for 276 digital properties under a single domain, while also being able to be used as a completely working website that can even have dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe because as soon as claimed the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.
It is twice as safe due to the fact that this likewise indicates that the domain can not be obstructed by anyone besides you, so your site is never ever at risk of being down due to censorship. The website for acquiring the domains is safe too and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 main elements, though it needs to be kept in mind that buying a domain is a one-time expense and requires no yearly renewals of any sort.
The very first element is the expense 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 exceptional domains that cost 10s of thousands.