This is where Unstoppable Domains intends to assist drive adoption of crypto with their blockchain domains. Unstoppable Domains Sale… These domains can not only be used as fully practical websites, with decentralized applications (dApps) built-in, however likewise as a payment hub address where users can receive over 275 different crypto coins and tokens. By giving intricate crypto addresses a human readable name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain is a san francisco-based business that is providing domain name extensions that are tied 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 tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is managed and operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or consent you as the owner own your domain so in this video i want to explain to you whatever that you require to know as a beginner about unstoppable domain names make certain to check the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration in fact work i think
individuals are going to be quite shocked that it’s method more complicated and technical than you pictured 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 through a icann accredited domain register why do i say i can accredit since you can’t get your domain directly from i can which is once again the not-for-profit 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 need to do that i do not know why asking me those are simply the guidelines which’s what individuals have been doing for the last couple of decades in order to get a domain name so that’s why you need to pay a yearly charge on your domain
technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain name what you’re doing is you’re launching the domain name through a icann certified domain name register why do i state i can certify due to the fact that you can’t get your domain 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 understand why asking me those are just the guidelines which’s what people have been providing for the last few years in order to get a domain name so that’s why you require to pay an annual fee on your domain because you’re not in fact purchasing an owning domain name what you’re doing is renting their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the pc registry that handles that domain extension which is then completely managed 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 instance so all these various domain name extensions have different computer system registries and the role of the registry is simply to handle the administrative information for that particular domain nft domain names versus the traditional dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually 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 meaning like you can’t jump in and alter it but like what does that specifically imply a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain dot crypto versus dot zill what’s the distinction with these two 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 currently kind of know why because those are handled by verisign
which is a domain name pc 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 names you can just get blockchain based domain right now they only have a dot crypto in dot zo at the time of taping this video the primary distinction is that these 2 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 tied to the silica block durian blockchain is way more developed and you have a little bit more services and functions 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 individualized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain certainly over time as like we have actually decentralized web host establish in time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to develop your own decentralized website presently it’s not truly possible i suggest you can do it however 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 great deal of newbies 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 have to send out that to a litecoin address if you have bitcoin money you need to send it to a bitcoin cash address and so it gets to be a bit of a headache of handling all these different addresses and if you wish to get payment from particular individuals you need to provide this address and this address and this address it’s really a headache like what if there’s just some method to combine whatever into something that’s a little bit more logical easy to use and easy to keep in mind that’s the benefit of using unstoppable domain and setting up something like dot crypto dot zill as a payment entrance since then you can get payments and of all different types of cryptocurrency to one address because when you get everything set up you simply jump into your unstoppable domain account and after that you can include your different wallets for your different cryptocurrencies.
There is only one genuine prospective dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.