Public Domain Cryptocurrency – FAQ

When sending cryptocurrencies…Public Domain Cryptocurrency… The concern that frequently develops is confirming that you have the right address, because it is a complicated string of letters and numbers, even doing a copy and paste likely results in you diligently verifying that everything pasted correctly, even though it should have.

This is where Unstoppable Domains aims to assist drive adoption of crypto with their blockchain domains. These domains can not just be used as fully functional webpages, with decentralized applications (dApps) built-in, but also as a payment hub address where users can receive over 275 different crypto coins and tokens. By giving intricate crypto addresses a human legible name, Unstoppable Domains aims to be the domain addresses of the future.

 

unstoppable domain is a san francisco-based company that is providing 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 connected to the ethereum blockchain or you can get a zillow domain extension which is tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and operated 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 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 everything that you need to know as a newbie about unstoppable domain names make sure to inspect the links in the description for time stamps and any resources mentioned 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 method 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 releasing the domain through a icann certified domain register why do i state i can license since you can’t get your domain names straight from i can which is once again the not-for-profit company that handles the dns system you have to go through an icann certified 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 do not know why asking me those are simply the rules which’s what individuals have actually been doing for the last few years in order to get a domain so that’s why you require to pay an annual fee on your domain since you’re not really 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 windows registry that manages that domain name 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? Public Domain Cryptocurrency

is a verisign for example so all these various domain name extensions have various computer system registries and the role of the pc registry is just to manage the administrative data for that particular domain nft domain names versus the conventional dns system what’s the difference well the standard dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain pc registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal significance 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 data 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 difference with these two so if you leap over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you need to already kind of know why because those are managed by verisign which is a domain name registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain today they only have a dot crypto in dot zo at the time of recording this video the main distinction is that these two are connected to different block chains that’s it so you have Public Domain Cryptocurrency

 

your dot crypto which is connected to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more developed and you have a little bit more services and functions built around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain names clearly in time as like we have decentralized webhosting develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website presently it’s not actually possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals interact with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than traditional domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be simpler for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.

In this manner they have been successful significantly, as they have actually produced a domain system that permits users to set up payments for 276 digital assets under a single domain, while also having the ability to be used as a completely operating site that can even have dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

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

It is two times as safe due to the fact that this likewise means that the domain can not be obstructed by anybody aside from you, so your website is never at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two main elements, though it must be kept in mind that purchasing a domain is a one-time cost and needs 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 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, with much shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.

The next element is the gas charges connected with using the Ethereum blockchain to claim your domain, since the domains are kept on the Ethereum blockchain, the deal to declare them can be found in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend upon the current expense 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 overall.

What Are the very best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no annual renewal is incredibly attractive thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone aside from the owner.

The domains likewise have more functionality than conventional domains because they can be utilized to a payment router, but likewise utilized to produce websites with dApps developed directly on them since they exist on the blockchain, allowing the use of smart contracts on your website. Public Domain Cryptocurrency

Perhaps the very best and most enticing feature of Unstoppable Domains is that is offers you a method to have one address for you to get 276 various crypto assets, indicating once you set it up you will just ever require 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 anybody who you want to get funds from.

 

Prospective Dealbreakers.

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

This might just be a dealbreaker due to the fact that 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 fees. This is a one-time deal fee, and unless you choose to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.