Is Namecoin Still Alive – FAQ

When sending out cryptocurrencies…Is Namecoin Still Alive… The problem that frequently arises is validating that you have the right address, due to the fact that it is a complex string of letters and numbers, even doing a copy and paste likely results in you meticulously verifying that everything pasted properly, although it must have.

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

 

unstoppable domain is a san francisco-based business that is providing domain extensions that are tied 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 name 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 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 just completely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or consent you as the owner own your domain so in this video i want to discuss to you everything that you require to called a novice about unstoppable domain names make sure to inspect the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration in fact work i believe

people are going to be quite stunned that it’s method more technical and complicated than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re releasing the domain through a icann certified domain name register why do i say i can accredit since you can’t get your domain names straight from i can which is once again the nonprofit organization that handles the dns system you have to go through an icann accredited domain name register in order to get a domain name and that’s just how it works like you’re like why do i need to do that i do not understand why asking me those are simply the guidelines and that’s what individuals have actually been providing for the last couple of decades in order to get a domain so that’s why you require to pay a yearly cost on your domain due to the fact that you’re not in fact buying an owning domain 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 name 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? Is Namecoin Still Alive

is a verisign for example so all these different domain extensions have various computer system registries and the role of the computer system registry is just to handle the administrative information for that specific domain nft domain versus the conventional dns system what’s the difference well the conventional 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 significance like you can’t jump in and change it however like what does that specifically indicate a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain names dot crypto versus dot zill what’s the difference with these two so if you jump 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 must currently type of know why due to the fact that those are handled by verisign which is a domain pc registry which is managed 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 only get blockchain based domain names today they just have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these 2 are connected to various block chains that’s it so you have Is Namecoin Still Alive

 

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 features and services built around uh at the ethereum blockchain with a dot crypto domain name 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 gateway so this is the main function of unstoppable domain names clearly in time as like we have decentralized web host establish over time 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 really possible i indicate you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people connect with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than standard domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

Still some concern regarding 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 need for it to be much easier for users to communicate with crypto addresses. The goal 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 manner they have actually prospered considerably, as they have actually developed a domain system that permits users to establish payments for 276 digital assets under a single domain, while also having the ability to be utilized as a completely working website that can even have dApps built onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since once claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.

It is twice as safe because this likewise indicates 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 also and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a two primary aspects, though it should be kept in mind that acquiring a domain is a one-time expense and needs no yearly 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 select, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.

The next element is the gas fees related to using the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the deal to declare them is available in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend on the current expense 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 total.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stick out. The reality that it is a one-time purchase with no yearly renewal is extremely appealing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody besides the owner.

The domains likewise have more performance than traditional domains since they can be used to a payment router, but likewise used to create websites with dApps built directly on them because they exist on the blockchain, allowing the use of wise contracts on your website. Is Namecoin Still Alive

Possibly the best and most appealing feature of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 various crypto properties, meaning once 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 receive funds from.

 

Possible Dealbreakers.

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

This may only be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. However, this is a one-time transaction charge, and unless you decide to sell/transfer your domain to another person it will be the additional charge connected with getting your domain.