Namecoin 2018 – Lets Talk Crypto

When sending out cryptocurrencies…Namecoin 2018… The issue that frequently occurs is validating that you have the best address, because it is a complicated string of letters and numbers, even doing a copy and paste likely results in you meticulously verifying that whatever pasted correctly, despite the fact that it needs to have.

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

 

unstoppable domain is a san francisco-based business that is offering domain name 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 tied 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 controlled and operated by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that needs any type of approval or authorization you as the owner own your domain name so in this video i wish to discuss 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 mentioned in this video so let’s begin how does domain registration in fact work i think

individuals are going to be rather shocked that it’s way more complicated and technical than you thought of 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 name through a icann certified domain name register why do i state i can license because you can’t get your domain directly from i can which is once again the nonprofit organization that handles the dns system you have to go through an icann certified domain register in order to get a domain which’s just how it works like you resemble why do i need to do that i do not understand why asking me those are simply the guidelines and that’s what people have been doing for the last couple of decades in order to get a domain name so that’s why you require to pay an annual cost on your domain because you’re not really buying 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 registry that handles that domain extension which is then totally 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? Namecoin 2018

is a verisign for example so all these various domain extensions have different pc registries and the role of the windows registry is simply to manage the administrative information for that specific domain name nft domain versus the traditional dns system what’s the distinction well the standard dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain 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 particularly mean a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain 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 learn that you can’t geta.com.net.org why well you can’t you should currently kind of understand why because those are managed by verisign which is a domain pc registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can just get blockchain based domain names today they just have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these 2 are connected to various block chains that’s it so you have Namecoin 2018

 

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 developed and you have a little bit more functions and services developed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however functionally speaking they are the same tailored crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain obviously gradually as like we have actually decentralized webhosting establish in time it will be possible to utilize like a decentralized domain and a decentralized webhosting to produce 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 connect with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than standard domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will achieve prevalent 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 communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into 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 actually succeeded significantly, as they have actually produced a domain system that permits users to set up payments for 276 digital properties under a single domain, while also being able to be utilized as a completely functioning website that can even have dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an appealing 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 protected as the blockchain itself.

It is twice as safe since this likewise means that the domain can not be blocked by anybody other than you, so your site is never ever at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary aspects, though it should be noted that purchasing a domain is a one-time cost and requires no yearly renewals of any sort.

The first element is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you pick, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next factor is the gas charges connected with utilizing the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the transaction to declare them comes in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend upon the current cost of ETH and the network congestion at the time of the transaction. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the Best Features of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand out. The truth that it is a one-time purchase without any annual renewal is incredibly enticing considering the method standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone aside from the owner.

The domains also have more functionality than conventional domains since they can be used to a payment router, however likewise used to produce websites with dApps developed straight on them since they exist on the blockchain, allowing the use of smart contracts on your website. Namecoin 2018

Possibly the best and most attractive feature of Unstoppable Domains is that is provides you a method to have one address for you to get 276 various crypto possessions, meaning once you set it up you will only 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 wish to receive funds from.

 

Potential Dealbreakers.

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

This might only be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time deal cost, and unless you decide to sell/transfer your domain to somebody else it will be the extra cost associated with getting your domain.