unstoppable domain names is a san francisco-based business…Will Crypto Domains Be Valuable… 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 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 advantage 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 needs 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 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 need to referred to as a novice about unstoppable domain names 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 in fact work i believe
individuals are going to be quite shocked that it’s way more technical and complex than you pictured 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 through a icann licensed domain name register why do i state i can accredit because you can’t get your domain names directly from i can which is once again the not-for-profit company that handles the dns system you need to go through an icann accredited domain name register in order to get a domain and that’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 individuals have been providing for the last few years in order to get a domain so that’s why you need to pay a yearly fee on your domain names since you’re not actually buying 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 computer system registry that manages that domain extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension
Is unstoppable domains on Ethereum? Will Crypto Domains Be Valuable
is a verisign for instance so all these different domain name extensions have different pc registries and the role of the computer registry is simply to manage the administrative information for that particular domain nft domain versus the traditional dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain windows 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 particularly suggest a non-fungible token is just a piece of information found 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 discover that you can’t geta.com.net.org why well you can’t you ought to currently kind of understand why because those are handled by verisign which is a domain pc registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain names you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of recording this video the primary difference is that these 2 are tied to various block chains that’s it so you have Will Crypto Domains Be Valuable
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 bit more functions and services 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 individualized crypto addresses that can be set up as a payment entrance so this is the main feature of unstoppable domain undoubtedly with time as like we have actually decentralized webhosting develop gradually it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized site presently it’s not actually possible i mean you can do it however it’s quite technical uh.
One-time purchase of domain.
Streamlines way in which people communicate with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than conventional domains.
Supports 276 crypto assets.
Have 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 current CEO, who saw a requirement for it to be much easier for users to connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into 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 succeeded considerably, as they have actually produced a domain system that permits users to establish payments for 276 digital properties under a single domain, while also being able to be utilized as a completely operating site that can even have actually dApps built onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe because as soon as claimed the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.
It is doubly safe since this also implies that the domain can not be blocked by anybody aside from you, so your website is never ever at risk of being down due to censorship. The website for purchasing 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 primary elements, though it must be kept in mind that acquiring a domain is a one-time expense and requires no annual renewals of any sort.
The first factor is the cost 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 on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.