Namecoin Creators – Lets Talk Crypto

When sending out cryptocurrencies…Namecoin Creators… The problem that typically emerges is confirming that you have the best address, because it is an intricate string of numbers and letters, even doing a copy and paste likely lead to you carefully validating that whatever pasted properly, although it should have.

This is where Unstoppable Domains intends to help drive adoption of crypto with their blockchain domains. These domains can not only be used as totally practical webpages, with decentralized applications (dApps) built-in, but also as a payment center address where users can receive over 275 various crypto coins and tokens. By providing complex 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 offering 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 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 constantly requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just totally decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or consent you as the owner own your domain so in this video i wish to discuss to you whatever that you require to referred to as a newbie 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 begin how does domain name registration in fact work i believe

individuals are going to be quite surprised that it’s way more complex and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not actually 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 accredit since you can’t get your domain names straight from i can which is once again the not-for-profit organization that handles the dns system you have to go through an icann licensed domain register in order to get a domain name and that’s just how it works like you resemble why do i need to do that i do not know why asking me those are just the guidelines which’s what individuals have actually been providing for the last couple of decades in order to get a domain so that’s why you need to pay a yearly cost on your domain due to the fact that you’re not actually buying an owning domain what you’re doing is leasing their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the pc registry that handles that domain extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? Namecoin Creators

is a verisign for example so all these different domain extensions have various windows registries and the role of the pc registry is just to manage the administrative data for that particular domain name nft domain names versus the standard dns system what’s the distinction well the conventional 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 accredited 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 imply a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents an unique digital item in this instance 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 find out that you can’t geta.com.net.org why well you can’t you need to currently kind of understand why since those are handled by verisign which is a domain name windows registry which is handled by icann that becomes 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 today they just have a dot crypto in dot zo at the time of recording this video the primary distinction is that these 2 are tied to different block chains that’s it so you have Namecoin Creators

 

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 little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the primary feature of unstoppable domain clearly gradually as like we have actually decentralized webhosting develop gradually it will be possible to use like a decentralized domain and a decentralized webhosting to create your own decentralized website currently it’s not truly possible i imply you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals engage with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than conventional domains.

Supports 276 crypto assets.

Cons.

Need 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 existing CEO, who saw a need for it to be much easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually prospered considerably, as they have actually developed a domain system that enables users to set up payments for 276 digital properties under a single domain name, while likewise having the ability to be utilized as a completely working site that can even have actually dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe due to the fact that once claimed the domains exist under your address on blockchain, suggesting they are as safe and secure as the blockchain itself.

It is doubly safe because this likewise indicates that the domain can not be blocked by anyone aside from you, so your site is never ever at risk of being down due to censorship. The website for buying the domains is safe too and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two main aspects, though it must be noted that purchasing a domain is a one-time cost and needs no yearly renewals of any sort.

The 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 pick, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.

The next factor is the gas charges related to using the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the current cost of ETH and the network congestion 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 few features of Unstoppable Domains that stand out. The reality that it is a one-time purchase without any yearly renewal is very attractive considering the way standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody other than the owner.

The domains also have more performance than standard domains due to the fact that they can be used to a payment router, however also used to develop websites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your site. Namecoin Creators

Perhaps the very best and most appealing feature of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto possessions, meaning once you set it up you will just ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not only for you, but for anyone who you want to receive funds from.

 

Prospective Dealbreakers.

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

This might just 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 charges. Nevertheless, this is a one-time transaction charge, and unless you choose to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.