Building decentralized digital identities for the world…Namecoin/Dot…
Usage NFT domains as your:
Universal username throughout apps and sites
Payment address for wallets
and far more!
When sending cryptocurrencies to yourself or others, the issue that typically occurs is validating that you have the right address, since it is an intricate string of numbers and letters, even doing a copy and paste likely lead to you meticulously validating that whatever pasted properly, even though 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 fully functional 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 giving intricate crypto addresses a human understandable name, Unstoppable Domains aims to be the domain addresses of the future.
Unstoppable Domains Pros & Cons
One-time purchase of domain
Streamlines method which people connect with crypto addresses
Censor resistant domain stored in your wallet
More functionality than standard domains
Supports 276 crypto properties
Need to spend ETH to claim domain
Still some question 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 current CEO, who saw a need for it to be simpler for users to interact with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually been successful greatly, as they have actually created a domain system that enables users to establish payments for 276 digital assets under a single domain name, while likewise being able to be utilized as a completely working website that can even have dApps constructed onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe because when declared the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.
It is two times as safe since this also means that the domain can not be blocked by anybody aside from 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 protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a 2 main factors, though it ought to be noted that acquiring a domain is a one-time expense and requires 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 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 additional. In addition, there are superior domains that cost 10s of thousands. Namecoin/Dot
The next element is the gas costs connected with using the Ethereum blockchain to claim your domain, due to the fact that the domains are saved on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas charges 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 total.
What Are the Best Functions Namecoin/Dot
There are a couple of functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no yearly renewal is extremely enticing considering the method conventional 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 performance than traditional domains since they can be utilized to a payment router, but likewise utilized to create websites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your site.
Maybe the very best and most enticing function of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto possessions, indicating once you set it up you will only ever require to know 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 anyone who you want to get funds from.
unstoppable domain who created that brand great a plus so unstoppable domain names is a san francisco-based company that is supplying 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 just that they are decentralized so the dns system is controlled and operated by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just entirely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or authorization you as the owner own your domain so in this video i wish to describe to you whatever that you require to know as a novice about unstoppable domain ensure to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration really work i think individuals are going to be rather surprised that it’s method more complicated and
technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re launching the domain name through a icann certified domain register why do i say i can license due to the fact that you can’t get your domain names straight from i can which is once again the not-for-profit company that manages 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’re like why do i need to do that i don’t understand why asking me those are simply the rules and that’s what people have been providing for the last couple of years in order to get a domain so that’s why you need to pay an annual charge on your domain names because you’re not actually purchasing 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 name extension which is then totally handled and organized by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension is a verisign for instance so all these various domain name extensions have various windows registries and the function of the pc registry is simply to manage the administrative data for that specific domain nft domain versus the standard dns system what’s the difference well the traditional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain computer system registries then you have your icann certified domain 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 particularly suggest a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents an unique digital product 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 ought to already sort of know why due to the fact that those are managed by verisign
which is a domain registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can only get blockchain based domain names right now 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 tied to different block chains that’s it so you have 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 bit more functions and services developed 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 customized crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain obviously with time as like we have decentralized web host establish gradually it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not actually possible i suggest you can do it but it’s pretty technical uh however what’s more important is that you can establish your dot crypto address or your dot zill address as a payment gateway so what a lot of beginners i think don’t understand resembles when you have 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 money you need to send it to a bitcoin money address and so it gets to be a bit of a headache of handling all these various addresses and if you want to get payment from specific individuals you have to give them this address and this address and this address it’s actually a headache like what if there’s just some way to integrate everything into something that’s a little bit more logical easy to use and simple to remember that’s the benefit of using unstoppable domain names and establishing something like dot crypto dot zill as a payment gateway because then you can get payments and of all different types of cryptocurrency to one address because when you get whatever established you just jump into your unstoppable domain names account and after that you can add in your various wallets for your different cryptocurrencies s.
There is only one real potential dealbreaker when it pertains to using Unstoppable Domains, and that is the expense 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 purchase some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas charges. This is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain. Namecoin/Dot