Building decentralized digital identities for the world…Unstoppable Domains Layer 2…
Use NFT domains as your:
Universal username across apps and sites
Payment address for wallets
and far more!
When sending cryptocurrencies to yourself or others, the issue that often emerges is confirming that you have the right address, because it is an intricate string of numbers and letters, even doing a copy and paste likely results in you meticulously confirming that everything pasted properly, although it must have.
This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. These domains can not only be used as completely functional websites, with decentralized applications (dApps) integrated, but also as a payment hub address where users can receive over 275 different crypto coins and tokens. By providing complex crypto addresses a human legible name, Unstoppable Domains intends to be the domain addresses of the future.
Unstoppable Domains Pros & Cons
One-time purchase of domain
Streamlines way in which individuals communicate with crypto addresses
Censor resistant domain stored in your wallet
More functionality than standard domains
Supports 276 crypto possessions
Need to invest ETH to claim domain
Still some concern as to 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 easier for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually been successful significantly, as they have actually created a domain system that enables users to establish payments for 276 digital properties under a single domain, while likewise having the ability to be used as a totally functioning website that can even have dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe because as soon as 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 likewise indicates 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 as well and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two main elements, though it should be kept in mind that purchasing a domain is a one-time expense and requires no annual renewals of any sort.
The first aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you choose, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing additional. In addition, there are exceptional domains that cost tens of thousands. Unstoppable Domains Layer 2
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 transaction to declare them can be found in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the current expense of ETH and the network congestion at the time of the transaction. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the Best Features Unstoppable Domains Layer 2
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 incredibly attractive thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody other than the owner.
The domains likewise have more performance than conventional domains due to the fact that they can be utilized to a payment router, but also utilized to develop sites with dApps built straight on them since they exist on the blockchain, allowing the use of smart contracts on your site.
Perhaps the best and most appealing function of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto possessions, indicating as soon as 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 simpler not just for you, but for anyone who you wish to get funds from.
unstoppable domain who came up with that trademark name great a plus so unstoppable domain is a san francisco-based company that is supplying domain name extensions that are tied to the blockchain instead of being tied 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 name extension which is tied 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 run by icann so anything constantly needs approval from that governing body but 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 nothing that needs any type of approval or permission you as the owner own your domain so in this video i want to describe to you whatever that you require to know as a newbie about unstoppable domain names ensure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration really work i think people are going to be quite surprised that it’s method more complex and
technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain name through a icann certified domain name register why do i state i can accredit since you can’t get your domain names directly from i can which is once again the not-for-profit organization 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 simply how it works like you resemble why do i need to do that i do not know why asking me those are simply the guidelines which’s what individuals have been doing for the last few decades in order to get a domain so that’s why you require to pay a yearly charge on your domain names since you’re not in fact buying an owning domain what you’re doing is renting their domain 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 manages that domain extension which is then absolutely managed and organized by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension is a verisign for example so all these various domain name extensions have various registries and the role of the registry is just to manage the administrative information for that specific domain name nft domain names versus the traditional dns system what’s the difference well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain computer system registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that specifically suggest a non-fungible token is just a piece of data 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 distinction with these 2 so if you leap over to unstoppabledomainnames.com link in the description you’re going to discover that you can’t geta.com.net.org why well you can’t you must currently kind of know why because those are managed by verisign
which is a domain registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain you can only get blockchain based domain today they just have a dot crypto in dot zo at the time of tape-recording this video the primary distinction is that these two are connected to different block chains that’s it so you have your dot crypto which is tied 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 functions and services built 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 individualized crypto addresses that can be set up as a payment entrance so this is the primary function of unstoppable domain obviously with time as like we have actually decentralized web host develop gradually it will be possible to use like a decentralized domain name and a decentralized webhosting to develop your own decentralized website currently it’s not truly possible i indicate you can do it however it’s pretty technical uh but what’s more important is that you can establish your dot crypto address or your dot zill address as a payment entrance so what a lot of beginners i think do not understand is like when you have bitcoin you have to send it to a specific bitcoin address if you have white coin you need to send that to a litecoin address if you have bitcoin money you have to send it to a bitcoin money address and so it gets to be a bit of a headache of handling all these different addresses and if you wish to get payment from particular individuals you have to provide this address and this address and this address it’s actually a headache like what if there’s simply some method to integrate whatever into something that’s a little bit more logical easy to use and simple to bear in mind that’s the benefit of using unstoppable domain names and establishing something like dot crypto dot zill as a payment gateway due to the fact that then you can receive payments and of all various types of cryptocurrency to one address since when you get whatever established you just jump into your unstoppable domain account and then you can include your different wallets for your various cryptocurrencies s.
There is only one real potential dealbreaker when it pertains to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This might only be a dealbreaker due to the fact that 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 think it is unreasonable to pay the gas charges. This is a one-time deal charge, and unless you choose to sell/transfer your domain to somebody else it will be the extra cost associated with getting your domain. Unstoppable Domains Layer 2