Cryptocurrency Domain Names – FAQ

When sending cryptocurrencies…Cryptocurrency Domain Names… The issue that typically arises is verifying that you have the right address, because it is an intricate string of numbers and letters, even doing a copy and paste likely lead to you carefully confirming that whatever pasted properly, although it must have.

This is where Unstoppable Domains intends to help drive adoption of crypto with their blockchain domains. These domains can not just be utilized as fully practical web pages, with decentralized applications (dApps) integrated, however likewise as a payment hub address where users can receive over 275 different crypto coins and tokens. By giving complicated crypto addresses a human legible name, Unstoppable Domains aims to be the domain addresses of the future.

 

unstoppable domain names is a san francisco-based business that is supplying domain extensions that are connected to the blockchain instead of being tied to the dns system specifically you can get a dot crypto which is connected 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 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 nothing that needs any kind of approval or approval you as the owner own your domain name so in this video i wish to explain to you whatever that you need to referred to as a newbie about unstoppable domain make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration actually work i think

individuals are going to be quite stunned that it’s way more technical and complex than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain name through a icann licensed domain register why do i state i can license because you can’t get your domain straight from i can which is again the nonprofit company that manages the dns system you have to go through an icann accredited domain name register in order to get a domain and that’s just how it works like you’re like why do i need to do that i don’t know why asking me those are just the rules and that’s what individuals 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 cost on your domain due to the fact that you’re not actually purchasing 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 registry that manages that domain extension which is then absolutely handled and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Cryptocurrency Domain Names

is a verisign for instance so all these various domain extensions have different pc registries and the role of the registry is just to handle the administrative information for that specific domain name nft domain names versus the standard dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain computer registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that particularly imply 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 circumstances our domain names dot crypto versus dot zill what’s the difference with these 2 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 already type of understand why because those are handled by verisign which is a domain name computer system registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain right now they only have a dot crypto in dot zo at the time of recording this video the primary difference is that these 2 are connected to various block chains that’s it so you have Cryptocurrency Domain Names

 

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 built 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 customized crypto addresses that can be set up as a payment gateway so this is the primary feature of unstoppable domain undoubtedly with time as like we have actually decentralized webhosting develop gradually 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 really possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people engage with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will attain extensive 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 need for it to be much easier for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have succeeded considerably, as they have developed a domain system that enables users to establish payments for 276 digital assets under a single domain name, while likewise being able to be utilized as a fully functioning site that can even have actually dApps constructed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe due to the fact that when declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is twice as safe because this likewise implies that the domain can not be obstructed by anybody other than you, so your site is never at risk of being down due to censorship. The site for purchasing 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 on a two primary aspects, 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 element is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you select, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing extra. In addition, there are superior domains that cost 10s of thousands.

The next factor is the gas fees connected with utilizing the Ethereum blockchain to claim your domain, since the domains are kept on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the existing cost of ETH and the network blockage at the time of the transaction. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any yearly renewal is very attractive considering the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody other than the owner.

The domains also have more functionality than standard domains due to the fact that they can be utilized to a payment router, however also used to create sites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of smart agreements on your site. Cryptocurrency Domain Names

Maybe the very best and most attractive feature of Unstoppable Domains is that is provides you a way to have one address for you to get 276 various crypto possessions, indicating once you set it up you will only ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anybody who you want to get funds from.

 

Possible Dealbreakers.

There is only one genuine possible dealbreaker when it pertains to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This might only be a dealbreaker since you do not have any Ethereum at your address and require to purchase some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas costs. Nevertheless, this is a one-time deal cost, and unless you decide to sell/transfer your domain to another person it will be the extra charge connected with getting your domain.