Building decentralized digital identities for the world…Namecoin/Dot…
Use NFT domains as your:
Universal username throughout apps and websites
Website URL
Payment address for wallets
and a lot more!
When sending out cryptocurrencies to yourself or others, the concern that frequently emerges is verifying that you have the right address, because it is an intricate string of letters and numbers, even doing a copy and paste likely lead to you thoroughly validating that everything pasted properly, 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 only be utilized as completely practical webpages, with decentralized applications (dApps) integrated, however also as a payment hub address where users can receive over 275 various crypto coins and tokens. By providing complicated crypto addresses a human understandable name, Unstoppable Domains aims to be the domain addresses of the future.
Unstoppable Domains Pros & Cons
Pros
One-time purchase of domain
Simplifies way in which people interact with crypto addresses
Censor resistant domain stored in your wallet
More performance than conventional domains
Supports 276 crypto properties
Cons
Have to invest ETH to claim domain
Still some concern as to whether Unstoppable Domains will achieve extensive adoption
Some domains are still pre-sale only
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement for it to be easier for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually succeeded considerably, as they have 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 totally working site that can even have dApps built onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe because once declared the domains exist under your address on blockchain, suggesting they are as safe and secure as the blockchain itself.
It is twice as safe because this likewise suggests that the domain can not be obstructed by anyone aside from you, so your website is never ever at risk of being down due to censorship. The website for buying the domains is safe too and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a two main elements, though it needs to be noted that purchasing a domain is a one-time expense and needs no annual renewals of any sort.
The first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you choose, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands. Namecoin/Dot
The next element is the gas fees associated with using the Ethereum blockchain to declare your domain, because the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your initial purchase. The gas fees you will pay will depend upon the present cost of ETH and the network congestion at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
https://www.youtube.com/watch?v=xPNsHOnbRU4
What Are the Best Features Namecoin/Dot
There are a few functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase without any annual renewal is incredibly appealing considering the method standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone besides the owner.
The domains also have more performance than conventional domains due to the fact that they can be utilized to a payment router, but likewise utilized to produce sites with dApps constructed directly on them because they exist on the blockchain, allowing the use of clever agreements on your site.
Maybe the best and most appealing feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 various crypto assets, meaning once 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 anybody who you want to get funds from.
unstoppable domain who came up with that trademark name great a plus so unstoppable domain names is a san francisco-based business that is offering domain extensions that are connected to the blockchain instead of being connected 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 simply that they are decentralized so the dns system is controlled and run by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or authorization you as the owner own your domain so in this video i want to discuss to you whatever that you need to called a beginner about unstoppable domain names ensure to examine the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration in fact work i believe individuals are going to be rather surprised that it’s method more complex and
technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re releasing the domain through a icann licensed domain register why do i say i can certify since you can’t get your domain straight from i can which is again the nonprofit organization that manages the dns system you have to go through an icann certified domain register in order to get a domain name which’s just how it works like you’re like why do i have to do that i do not understand why asking me those are just the guidelines which’s what people have been providing for the last few decades in order to get a domain so that’s why you need to pay a yearly charge on your domain due to the fact that you’re not really 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 registry that manages that domain extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension is a verisign for example so all these different domain extensions have different computer registries and the function of the computer system registry is simply to handle the administrative information for that particular domain nft domain names versus the standard dns system what’s the distinction well the traditional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain windows registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it but 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 special digital product in this instance 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 must already sort of know why due to the fact that those are handled by verisign
which is a domain name windows 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 names you can only get blockchain based domain names today they just have a dot crypto in dot zo at the time of recording this video the main difference is that these 2 are tied to various block chains that’s it so you have your dot crypto which is tied to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more industrialized and you have a little bit more services and features developed 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 individualized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain certainly in time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized site presently it’s not actually possible i suggest you can do it but it’s pretty technical uh but what’s more important is that you can set up your dot crypto address or your dot zill address as a payment gateway so what a great deal of newbies i think don’t comprehend is like when you have actually bitcoin you need to send it to a particular bitcoin address if you have white coin you have to send out that to a litecoin address if you have bitcoin cash you have to send it to a bitcoin money address therefore it gets to be a little bit of a headache of managing all these different addresses and if you wish to get payment from particular individuals you have to give them this address and this address and this address it’s really a headache like what if there’s simply some way to integrate everything into something that’s a little bit more logical easy to use and easy to remember that’s the benefit of using unstoppable domain and setting up something like dot crypto dot zill as a payment entrance due to the fact that then you can get payments and of all various kinds of cryptocurrency to one address because when you get everything established you just delve into your unstoppable domain account and after that you can add in your various wallets for your various cryptocurrencies s.
Prospective Dealbreakers.
There is only one real prospective dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.
https://www.youtube.com/watch?v=hjGAFSIi4vg
This might just be a dealbreaker since you do not have any Ethereum at your address and require to acquire 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 transaction charge, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain. Namecoin/Dot