This is where Unstoppable Domains intends to help drive adoption of crypto with their blockchain domains. Decentralized Domains… These domains can not only be utilized as totally practical websites, with decentralized applications (dApps) built-in, but also as a payment center address where users can receive over 275 different crypto coins and tokens. By giving complex 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 company that is offering domain extensions that are connected 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 just that they are decentralized so the dns system is controlled and operated by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just totally decentralized so there’s no governing body there’s nothing that needs any type of approval or consent you as the owner own your domain so in this video i wish to explain to you everything that you need to called a novice about unstoppable domain ensure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration in fact work i believe
individuals are going to be quite stunned that it’s method more complicated and technical than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re releasing the domain through a icann licensed domain name register why do i say i can certify since you can’t get your domain names directly from i can which is 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 name and that’s simply how it works like you’re like why do i have to do that i don’t understand why asking me those are just the rules and that’s what people have been doing for the last couple of decades in order to get a domain so that’s why you need to pay a yearly fee on your domain
technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re launching the domain name through a icann certified domain name register why do i say i can license due to the fact that you can’t get your domain directly from i can which is once again the not-for-profit 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 need to do that i do not know why asking me those are just the rules which’s what individuals have been providing for the last few decades in order to get a domain name so that’s why you require to pay a yearly charge on your domain names due to the fact that you’re not in fact purchasing 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 registry that handles that domain name extension which is then totally handled and organized 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 different domain extensions have different pc registries and the role of the windows registry is simply to handle the administrative data for that particular domain nft domain versus the standard 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 windows registries then you have your icann accredited domain 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 particularly imply a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents a distinct digital product in this instance our domain dot crypto versus dot zill what’s the difference 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 ought to already kind of know why due to the fact that those are handled by verisign
which is a domain name computer system 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 difference is that these two are connected 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 little bit more services and functions developed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain names undoubtedly with time as like we have actually decentralized webhosting develop over time it will be possible to use like a decentralized domain name and a decentralized web host to develop your own decentralized website currently it’s not actually possible i indicate 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 entrance so what a great deal of novices i think don’t understand resembles when you have bitcoin you need 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 cash you need to send it to a bitcoin cash address and so it gets to be a little bit of a headache of managing all these various addresses and if you wish to get payment from particular people you need to give them this address and this address and this address it’s truly a headache like what if there’s simply some method to combine whatever into something that’s a little bit more rational easy to use and easy to keep in mind that’s the benefit of using unstoppable domain and establishing something like dot crypto dot zill as a payment gateway because then you can receive payments and of all various kinds of cryptocurrency to one address since when you get whatever set up you just jump into your unstoppable domain names account and after that you can add in your different wallets for your different cryptocurrencies.
There is only one genuine possible dealbreaker when it comes to using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.