Unstoppable Domains Layer 2 – What is an NFT?

When sending cryptocurrencies…Unstoppable Domains Layer 2… The issue that typically occurs is validating that you have the right address, due to the fact that it is a complex string of numbers and letters, even doing a copy and paste most likely lead to you carefully confirming that whatever pasted correctly, even though it needs to have.

This is where Unstoppable Domains aims to assist drive adoption of crypto with their blockchain domains. These domains can not just be used as fully practical web pages, with decentralized applications (dApps) integrated, however also as a payment hub address where users can receive over 275 different crypto coins and tokens. By providing complicated crypto addresses a human legible name, Unstoppable Domains aims to be the domain addresses of the future.

 

unstoppable domain is a san francisco-based business that is providing domain extensions that are tied to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain name extension which is connected to the silica blockchain which is an alternative to ethereum the advantage 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 upon the blockchain and they are just totally 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 name so in this video i wish to discuss to you everything that you require to know as a novice about unstoppable domain names make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain name registration actually work i think

people are going to be quite stunned that it’s way more complicated and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain through a icann licensed domain name register why do i state i can accredit because you can’t get your domain names directly from i can which is once again the not-for-profit company that handles the dns system you need to go through an icann licensed domain name register in order to get a domain which’s simply how it works like you resemble why do i have to do that i do not know why asking me those are just the guidelines which’s what individuals have actually been doing for the last few years in order to get a domain so that’s why you require to pay a yearly fee on your domain names because you’re not actually buying an owning domain name 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 manages that domain extension which is then totally managed and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Unstoppable Domains Layer 2

is a verisign for example so all these various domain name extensions have various computer registries and the function of the windows registry is just to handle the administrative data for that specific domain name nft domain versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain computer system registries then you have your icann accredited domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that specifically imply a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this instance our domain names dot crypto versus dot zill what’s the distinction with these two 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 ought to currently type of understand why due to the fact that those are handled by verisign which is a domain pc registry which is managed by icann that’s 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 names today they just have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these two are connected to different block chains that’s it so you have Unstoppable Domains Layer 2

 

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 industrialized and you have a little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain names undoubtedly over time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized web host to develop your own decentralized website presently it’s not actually possible i suggest you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals communicate with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

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

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be simpler for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this manner they have prospered greatly, as they have actually produced a domain system that permits users to establish payments for 276 digital properties under a single domain, while also having the ability to be used as a completely working site that can even have dApps developed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe because as soon as claimed the domains exist under your address on blockchain, meaning they are as safe and secure 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 website is never ever at risk of being down due to censorship. The website for purchasing the domains is safe also and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 main factors, though it ought to be kept in mind that acquiring a domain is a one-time cost and needs no annual renewals of any sort.

The very first aspect is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you select, as expense is based upon 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 exceptional domains that cost tens of thousands.

The next element is the gas fees connected with using 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 consisted of in your preliminary 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. Overall you can get 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 apart. The truth that it is a one-time purchase without any yearly renewal is very appealing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody aside from the owner.

The domains likewise have more performance than standard domains since they can be utilized to a payment router, however likewise utilized to create sites with dApps developed directly on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your website. Unstoppable Domains Layer 2

Perhaps the very best and most enticing function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto properties, implying as soon as you set it up you will only ever need to understand 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 anybody who you wish to receive funds from.

 

Prospective Dealbreakers.

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

This may just be a dealbreaker because you do not have any Ethereum at your address and need to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.