Crypto Prophecies – FAQ

When sending cryptocurrencies…Crypto Prophecies… The concern that typically occurs is verifying that you have the ideal address, due to the fact that it is a complicated string of numbers and letters, even doing a copy and paste likely lead to you thoroughly confirming that everything pasted properly, even though it must have.

This is where Unstoppable Domains aims to assist drive adoption of crypto with their blockchain domains. These domains can not just be utilized as fully practical webpages, with decentralized applications (dApps) built-in, however likewise as a payment hub address where users can receive over 275 different crypto coins and tokens. By offering complex crypto addresses a human readable name, Unstoppable Domains intends to be the domain addresses of the future.

 

unstoppable domain names is a san francisco-based company that is offering domain extensions that are tied to the blockchain instead of being tied to the dns system specifically 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 simply that they are decentralized so the dns system is managed and run by icann so anything always requires 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 absolutely nothing that needs any kind of approval or permission you as the owner own your domain name so in this video i want to discuss to you whatever that you need to called a beginner about unstoppable domain ensure to check the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration in fact work i think

individuals are going to be quite surprised that it’s way more complex and technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain through a icann certified domain name register why do i say i can license due to the fact that you can’t get your domain straight from i can which is once again the nonprofit organization that handles the dns system you need to go through an icann accredited domain register in order to get a domain name 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 guidelines and that’s what people 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 charge on your domain names because you’re not in fact purchasing an owning domain name 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 manages that domain extension which is then totally handled and arranged by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension

Is unstoppable domains on Ethereum? Crypto Prophecies

is a verisign for instance so all these various domain extensions have different windows registries and the role of the windows registry is simply to manage the administrative data for that particular domain nft domain versus the standard dns system what’s the distinction well the traditional 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 certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it however like what does that particularly imply 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 circumstances our domain 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 find out that you can’t geta.com.net.org why well you can’t you need to currently kind of know why because those are handled by verisign which is a domain name registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can just get blockchain based domain names today they only have a dot crypto in dot zo at the time of taping this video the primary distinction is that these 2 are tied to various block chains that’s it so you have Crypto Prophecies

 

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 than you do 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 primary function of unstoppable domain names certainly gradually as like we have decentralized web host establish over time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized site currently it’s not actually possible i indicate you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people connect with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than traditional domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

Still some concern as to whether Unstoppable Domains will accomplish 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 requirement 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 into place, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually been successful considerably, as they have actually produced 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 utilized as a totally functioning site 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 intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since when declared the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.

It is doubly safe because this also means that the domain can not be blocked by anyone other than you, so your site 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.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary aspects, though it should be kept in mind that buying a domain is a one-time cost and requires no annual renewals of any sort.

The first element is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as expense is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next aspect is the gas fees related to using the Ethereum blockchain to declare your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend on the present cost of ETH and the network congestion at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Features of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no annual renewal is exceptionally enticing thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone besides the owner.

The domains likewise have more performance than standard domains because they can be used to a payment router, however likewise utilized to create websites with dApps constructed straight on them because they exist on the blockchain, allowing the use of clever contracts on your site. Crypto Prophecies

Maybe the best and most appealing function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto properties, suggesting as soon as you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not just for you, but for anyone who you want to get funds from.

 

Prospective Dealbreakers.

There is only one real potential dealbreaker when it comes to using Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This might only be a dealbreaker since you do not have any Ethereum at your address and need to purchase some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. However, this is a one-time deal cost, and unless you decide to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.