Why Are .Io Domains Popular With Crypto – What is an NFT?

When sending cryptocurrencies…Why Are .Io Domains Popular With Crypto… The concern that often occurs is verifying that you have the right address, because it is a complex string of letters and numbers, even doing a copy and paste likely results in you diligently verifying that everything pasted properly, although it should 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 totally functional webpages, with decentralized applications (dApps) built-in, but also as a payment hub address where users can receive over 275 various crypto coins and tokens. By offering intricate crypto addresses a human readable name, Unstoppable Domains aims to be the domain addresses of the future.

 

unstoppable domain names is a san francisco-based business that is supplying 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 connected 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 benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is controlled and operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that requires any type of approval or approval you as the owner own your domain name so in this video i want to discuss to you whatever that you require to referred to as a novice about unstoppable domain names ensure 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 registration really work i believe

people are going to be rather shocked that it’s way more technical and complex than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re releasing the domain through a icann accredited domain name register why do i state i can certify because you can’t get your domain straight from i can which is again the not-for-profit organization that manages the dns system you need to go through an icann licensed domain name register in order to get a domain and that’s simply how it works like you’re like why do i need to do that i don’t know why asking me those are just the guidelines and that’s what individuals have been doing for the last few years in order to get a domain so that’s why you need to pay a yearly charge on your domain due to the fact that you’re not in fact buying an owning domain name what you’re doing is renting their domain name so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the computer registry that handles that domain extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Why Are .Io Domains Popular With Crypto

is a verisign for example so all these different domain name extensions have various registries and the role of the computer 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 standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain pc 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 however like what does that specifically suggest a non-fungible token is simply a piece of data 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 distinction with these 2 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 should currently type of know why since those are handled by verisign which is a domain computer registry which is handled by icann that belongs to the dns system that’s why you can’t get those types 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 tape-recording this video the main difference is that these two are tied to different block chains that’s it so you have Why Are .Io Domains Popular With Crypto

 

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 than you make with a dot zill but functionally speaking they are the same tailored crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain names clearly over time as like we have decentralized webhosting develop over time it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized website currently it’s not really possible i indicate you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to spend ETH to claim domain.

Still some concern 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 existing CEO, who saw a requirement 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 place, so users did not need to discover IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually prospered greatly, as they have created a domain system that allows users to set up payments for 276 digital possessions under a single domain name, while also having the ability to be used as a fully functioning site that can even have dApps built onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since when claimed the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.

It is doubly safe due to the fact that this also suggests that the domain can not be blocked by anyone besides you, so your site is never at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a two primary factors, though it must be noted that acquiring a domain is a one-time cost and requires no yearly 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 on the domain you select, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.

The next factor is the gas charges related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the existing expense of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Functions of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any yearly renewal is extremely attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone aside from the owner.

The domains also have more performance than conventional domains due to the fact that they can be used to a payment router, but likewise utilized to develop sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your site. Why Are .Io Domains Popular With Crypto

Maybe the very best and most enticing function of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto possessions, suggesting when 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 just for you, but for anyone who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one genuine possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This might only be a dealbreaker since you do not have any Ethereum at your address and need to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time deal charge, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.