Crypto Zoo – FAQ

When sending cryptocurrencies…Crypto Zoo… The problem that frequently occurs is confirming that you have the ideal address, since it is a complex string of numbers and letters, even doing a copy and paste likely results in you meticulously validating that everything pasted correctly, despite the fact that it must have.

This is where Unstoppable Domains intends to assist drive adoption of crypto with their blockchain domains. These domains can not only be utilized as completely functional websites, with decentralized applications (dApps) integrated, however also as a payment hub address where users can receive over 275 different crypto coins and tokens. By offering complicated crypto addresses a human understandable name, Unstoppable Domains intends to be the domain addresses of the future.

 

unstoppable domain is a san francisco-based business that is supplying domain name 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 advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and run by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely 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 wish to describe to you everything that you require to know as a newbie about unstoppable domain names make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration actually work i think

individuals are going to be quite surprised that it’s way more complicated and technical than you pictured so when you go to someplace 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 accredited 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 not-for-profit organization that manages the dns system you need to go through an icann licensed domain name register in order to get a domain which’s just how it works like you resemble why do i have to do that i don’t understand why asking me those are simply the rules and that’s what people have actually been doing for the last few decades in order to get a domain so that’s why you require to pay an annual fee on your domain names since you’re not in fact purchasing an owning domain name what you’re doing is renting 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 extension which is then totally 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? Crypto Zoo

is a verisign for instance so all these various domain extensions have different registries and the role of the registry is just to manage the administrative data for that specific domain name nft domain versus the traditional dns system what’s the difference 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 pc 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 information found 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 distinction 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 already kind of understand why because those are managed by verisign which is a domain computer system registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain you can just get blockchain based domain names today they just have a dot crypto in dot zo at the time of taping this video the primary difference is that these two are connected to various block chains that’s it so you have Crypto Zoo

 

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 bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill but functionally speaking they are the same tailored crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain clearly with time as like we have actually decentralized web host develop gradually it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized site currently it’s not truly possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than conventional domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will attain extensive 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 easier for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have been successful greatly, as they have actually created a domain system that enables users to establish payments for 276 digital possessions under a single domain name, while likewise having the ability to be used as a fully operating site that can even have dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

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

It is two times as 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 site for purchasing the domains is safe as well and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 primary factors, though it needs to be noted that purchasing a domain is a one-time cost and needs no annual renewals of any sort.

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

The next element is the gas fees related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the present expense of ETH and the network congestion at the time of the deal. Overall you can get 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 apart. The fact that it is a one-time purchase with no annual renewal is exceptionally attractive thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody aside from the owner.

The domains likewise have more performance than conventional domains because they can be utilized to a payment router, however likewise used to create websites with dApps constructed directly on them since they exist on the blockchain, allowing the use of smart agreements on your site. Crypto Zoo

Maybe the best and most enticing function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto properties, meaning when you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anyone who you wish to get funds from.

 

Potential Dealbreakers.

There is only one real prospective dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This may just be a dealbreaker because you do not have any Ethereum at your address and need to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time deal fee, and unless you choose to sell/transfer your domain to someone else it will be the extra charge associated with getting your domain.