This is where Unstoppable Domains intends to help drive adoption of crypto with their blockchain domains. Unstoppable Domains Opensea… These domains can not just be used as fully functional webpages, 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 complicated crypto addresses a human understandable name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain is a san francisco-based company 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 extensions is just that they are decentralized so the dns system is managed and run by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that needs any type of approval or authorization you as the owner own your domain name so in this video i want to explain to you everything that you need to know as a beginner about unstoppable domain names make certain to inspect 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 complex and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re releasing the domain through a icann licensed domain register why do i state i can license because you can’t get your domain names straight from i can which is again the nonprofit company that handles the dns system you have to go through an icann accredited domain register in order to get a domain which’s just how it works like you resemble why do i need to do that i do not know why asking me those are simply the rules which’s what people have been providing for the last few decades in order to get a domain name so that’s why you need to pay a yearly cost on your domain names
technical than you thought of 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 launching the domain name through a icann licensed domain register why do i state i can license since you can’t get your domain names directly from i can which is again the nonprofit organization that handles the dns system you need to go through an icann licensed domain 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 know why asking me those are just the guidelines which’s what individuals have been providing for the last few years in order to get a domain so that’s why you need to pay an annual cost on your domain names since you’re not in fact buying an owning domain name what you’re doing is leasing 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 manages that domain name extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension is a verisign for instance so all these different domain name extensions have different windows registries and the role of the registry is just to handle the administrative information for that specific domain nft domain names versus the standard dns system what’s the distinction well the standard dns system is a central 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 indicate 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 instance 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 find out that you can’t geta.com.net.org why well you can’t you must currently type of know why since those are managed by verisign
which is a domain registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can just 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 2 are tied to different 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 services and functions built around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same tailored crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain obviously over time as like we have decentralized web host establish over time it will be possible to utilize like a decentralized domain and a decentralized web host to develop your own decentralized site currently it’s not truly possible i mean you can do it however it’s quite technical uh however what’s more vital is that you can establish your dot crypto address or your dot zill address as a payment gateway so what a lot of newbies i believe do not comprehend is like when you have 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 need to send it to a bitcoin money address therefore it gets to be a bit of a headache of handling all these various addresses and if you want to get payment from specific people you need to give them this address and this address and this address it’s truly a headache like what if there’s just some way 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 entrance because then you can receive payments and of all various types of cryptocurrency to one address since when you get everything established you simply delve into your unstoppable domain names account and then you can add in your different wallets for your different cryptocurrencies.
There is only one real prospective dealbreaker when it concerns utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.