Namecoin Scam – What is an NFT?

When sending out cryptocurrencies…Namecoin Scam… The issue that frequently develops is confirming that you have the ideal address, since it is an intricate string of numbers and letters, even doing a copy and paste most likely results in you thoroughly validating that everything pasted properly, 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 utilized as fully practical web pages, with decentralized applications (dApps) built-in, however also as a payment center address where users can receive over 275 various crypto coins and tokens. By giving 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 company 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 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 advantage 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 however something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that needs any kind of approval or consent you as the owner own your domain name so in this video i want to describe to you everything that you need to called a novice about unstoppable domain make sure 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 believe

people are going to be quite surprised that it’s method more complex and technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain name 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 again the not-for-profit company that manages the dns system you have to go through an icann accredited domain name register in order to get a domain which’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 and that’s what people have actually been doing for the last few decades in order to get a domain name so that’s why you require to pay an annual cost on your domain due to the fact that you’re not in fact 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 windows registry that handles that domain extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension

Is unstoppable domains on Ethereum? Namecoin Scam

is a verisign for example so all these various domain name extensions have different pc registries and the role of the pc registry is simply to handle the administrative data for that particular domain nft domain names versus the traditional dns system what’s the distinction well the traditional dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain 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 particularly imply a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents an unique digital item in this circumstances our domain dot crypto versus dot zill what’s the difference with these two so if you jump 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 type of understand why because those are managed by verisign which is a domain windows registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can just get blockchain based domain names today they only have a dot crypto in dot zo at the time of taping this video the main distinction is that these two are tied to different block chains that’s it so you have Namecoin Scam

 

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 developed and you have a little bit more features and services 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 personalized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain obviously gradually as like we have decentralized web host 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 indicate you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people connect with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than conventional domains.

Supports 276 crypto properties.

Cons.

Have to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will attain widespread adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

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

In this manner they have succeeded significantly, as they have developed a domain system that permits users to establish payments for 276 digital properties under a single domain name, while also being able to be utilized as a fully working site that can even have actually dApps developed onto them since 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 when declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.

It is doubly safe since this likewise suggests that the domain can not be blocked by anyone other than you, so your site is never at risk of being down due to censorship. The website for purchasing the domains is safe too and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two primary elements, though it ought to be noted that purchasing a domain is a one-time cost and requires no yearly renewals of any sort.

The first factor is the expense of the domain itself, this can range 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.

The next aspect is the gas fees related to utilizing the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend upon the current expense of ETH and the network blockage at the time of the deal. Overall 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 couple of functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase without any annual renewal is exceptionally appealing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody other than 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 also utilized to produce websites with dApps constructed directly on them since they exist on the blockchain, allowing the use of wise agreements on your site. Namecoin Scam

Maybe the best and most attractive feature of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 various crypto assets, indicating once you set it up you will only ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anybody who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one genuine prospective dealbreaker when it comes to using 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 fees. This is a one-time deal cost, and unless you choose to sell/transfer your domain to somebody else it will be the additional fee associated with getting your domain.