This is where Unstoppable Domains aims to assist drive adoption of crypto with their blockchain domains. Ethereum Name Service Buy… These domains can not only be used as totally functional web pages, 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 understandable name, Unstoppable Domains intends to be the domain addresses of the future.
unstoppable domain names is a san francisco-based company that is offering 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 name extension which is tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is controlled and operated by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just totally decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain so in this video i want to describe to you everything that you require to called a newbie about unstoppable domain make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain name registration actually work i believe
people are going to be rather stunned that it’s way more technical and complicated than you imagined 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 launching the domain through a icann accredited domain name register why do i say i can certify due to the fact that you can’t get your domain names directly from i can which is again the nonprofit company that handles the dns system you need to go through an icann licensed domain register in order to get a domain and that’s simply how it works like you’re like why do i have to do that i do not know why asking me those are simply the guidelines which’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 an annual cost on your domain
technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not actually 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 accredit since you can’t get your domain names directly from i can which is once again the not-for-profit company that manages the dns system you need to go through an icann licensed domain name 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 understand why asking me those are just the guidelines and that’s what individuals have been providing for the last couple of decades in order to get a domain name so that’s why you require to pay an annual cost on your domain names since 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 registry that handles that domain extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension is a verisign for example so all these various domain name extensions have various windows registries and the role of the pc registry is just to handle the administrative information for that specific domain nft domain versus the traditional dns system what’s the difference well the conventional dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that specifically indicate a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a special digital item in this instance our domain names dot crypto versus dot zill what’s the distinction with these two 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 type of know why due to the fact that those are handled by verisign
which is a domain name windows registry which is managed by icann that becomes part of 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 only have a dot crypto in dot zo at the time of recording this video the primary difference is that these 2 are connected 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 tied to the silica block durian blockchain is way more developed and you have a little bit more features and services 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 customized crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain undoubtedly over time as like we have actually decentralized web host establish over time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to produce your own decentralized site presently it’s not actually possible i indicate you can do it but it’s pretty technical uh however 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 don’t comprehend resembles when you have actually bitcoin you need 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 have to send it to a bitcoin money address therefore it gets to be a bit of a headache of managing all these various 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 simply some way to combine whatever into something that’s a little bit more rational easy to use and simple to keep in mind that’s the advantage of using unstoppable domain and establishing something like dot crypto dot zill as a payment gateway since then you can get payments and of all different types of cryptocurrency to one address because when you get whatever set up you just delve into your unstoppable domain names account and after that you can add in your different wallets for your various cryptocurrencies.
There is only one genuine prospective dealbreaker when it concerns using Unstoppable Domains, which is the expense of declaring your domain with Ethereum.