This is where Unstoppable Domains aims to assist drive adoption of crypto with their blockchain domains. Unstoppable Domain Vorzüge… These domains can not only be used as totally practical webpages, with decentralized applications (dApps) built-in, however also as a payment hub address where users can get over 275 different crypto coins and tokens. By giving complex crypto addresses a human understandable name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain is a san francisco-based business that is supplying domain name extensions that are connected to the blockchain instead of being connected to the dns system particularly you can get a dot crypto which is tied 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 name extensions is just that they are decentralized so the dns system is managed and run by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just entirely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or permission you as the owner own your domain name so in this video i wish to describe to you everything that you need to know as a beginner about unstoppable domain make certain to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration actually work i think
people are going to be rather shocked that it’s method more technical and complex than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re launching the domain through a icann licensed domain register why do i state i can accredit since you can’t get your domain names straight from i can which is again the nonprofit company that handles the dns system you need to go through an icann accredited domain name register in order to get a domain name and that’s just how it works like you resemble why do i have to do that i do not understand why asking me those are just the rules which’s what individuals have actually been providing for the last few decades in order to get a domain so that’s why you need to pay a yearly fee on your domain
technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact 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 license since you can’t get your domain names directly from i can which is once again the nonprofit company that manages the dns system you have to go through an icann licensed domain register in order to get a domain name 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 simply the rules and that’s what individuals have actually been providing for the last few decades in order to get a domain so that’s why you need to pay an annual charge on your domain since you’re not really buying an owning domain 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 windows registry that manages that domain name extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension is a verisign for instance so all these various domain extensions have various pc registries and the role of the pc registry is simply to handle the administrative data for that specific domain name nft domain names versus the traditional dns system what’s the distinction 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 pc 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 particularly mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents an unique digital product in this circumstances 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 must already type of know why since those are handled by verisign
which is a domain computer system registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of taping this video the primary distinction is that these 2 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 tied to the silica block durian blockchain is way more industrialized and you have a little bit more functions and services built 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 entrance so this is the primary function of unstoppable domain names clearly gradually as like we have decentralized webhosting 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 truly possible i mean you can do it but it’s quite technical uh but 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 novices i think don’t comprehend is like when you have actually bitcoin you have to send it to a specific bitcoin address if you have white coin you have to send out that to a litecoin address if you have bitcoin cash you have to send it to a bitcoin cash address therefore it gets to be a bit of a headache of managing all these different addresses and if you wish to get payment from specific individuals you need to give them this address and this address and this address it’s actually a headache like what if there’s simply some way to combine whatever into something that’s a bit more rational 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 since then you can receive payments and of all various types of cryptocurrency to one address because when you get everything established you simply delve into your unstoppable domain names account and then you can add in your various wallets for your different cryptocurrencies.
There is only one genuine possible dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost of claiming your domain with Ethereum.