This is where Unstoppable Domains intends to assist drive adoption of crypto with their blockchain domains. Unstoppable Domains Compatible Wallets… These domains can not just be utilized as totally functional websites, with decentralized applications (dApps) built-in, however also as a payment hub address where users can receive over 275 various 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 names is a san francisco-based company that is supplying domain extensions that are connected to the blockchain instead of being tied 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 connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and operated by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that requires any kind of approval or consent you as the owner own your domain so in this video i want to discuss to you whatever that you require to know as a newbie about unstoppable domain make sure to examine the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration actually work i believe
individuals are going to be rather surprised that it’s way more complicated and technical than you envisioned 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 releasing the domain name through a icann certified domain register why do i state i can accredit due to the fact that you can’t get your domain names directly from i can which is once again the not-for-profit organization that handles the dns system you have to go through an icann certified domain register in order to get a domain which’s just how it works like you resemble why do i have to do that i don’t know why asking me those are just the guidelines which’s what people have been providing for the last couple of decades in order to get a domain so that’s why you require to pay an annual cost on your domain
technical than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain name through a icann licensed domain name register why do i say i can certify due to the fact that you can’t get your domain directly from i can which is once again the nonprofit organization that manages 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 don’t know why asking me those are simply the guidelines and that’s what individuals have been doing for the last couple of decades in order to get a domain so that’s why you require to pay a yearly fee on your domain names due to the fact that you’re not actually 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 system registry that handles that domain extension which is then absolutely handled and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension is a verisign for instance so all these different domain extensions have different registries and the role of the computer registry is just to manage the administrative data for that particular domain nft domain versus the conventional 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 windows registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that specifically mean a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents a distinct digital item 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 find out that you can’t geta.com.net.org why well you can’t you ought to already sort of understand why due to the fact that those are handled by verisign
which is a domain name windows registry which is managed 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 taping this video the primary distinction is that these two are tied to various block chains that’s it so you have 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 bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the main feature of unstoppable domain undoubtedly in time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to produce your own decentralized website currently it’s not truly possible i suggest you can do it but it’s quite technical uh but what’s more vital is that you can establish your dot crypto address or your dot zill address as a payment entrance so what a lot of newbies i think do not comprehend resembles when you have actually bitcoin you have to send it to a particular bitcoin address if you have white coin you have to send that to a litecoin address if you have bitcoin cash you need to send it to a bitcoin cash address therefore it gets to be a bit of a headache of handling all these different addresses and if you want to get payment from specific people you have to give them this address and this address and this address it’s truly a headache like what if there’s just some method to combine whatever into something that’s a little bit more rational easy to use and simple to keep in mind that’s the benefit of using unstoppable domain names and setting up something like dot crypto dot zill as a payment entrance since then you can receive payments and of all different kinds of cryptocurrency to one address since when you get everything set up you simply delve into your unstoppable domain names account and then you can include your various wallets for your various cryptocurrencies.
There is only one real potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.