This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. Trust Domain Binance… These domains can not just be utilized as totally functional websites, with decentralized applications (dApps) built-in, but likewise as a payment hub address where users can receive over 275 various crypto coins and tokens. By providing complex crypto addresses a human legible name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain is a san francisco-based company 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 tied to the ethereum blockchain or you can get a zillow domain extension which is tied 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 constantly needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or permission you as the owner own your domain name so in this video i want to describe to you whatever that you need to referred to as a novice about unstoppable domain names make certain to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration in fact work i think
people are going to be rather stunned that it’s method more complicated and technical than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re releasing the domain name through a icann certified domain name register why do i state i can accredit because you can’t get your domain directly from i can which is once again the nonprofit organization that manages the dns system you have to go through an icann licensed domain 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 just the guidelines and that’s what people have actually been providing for the last couple of years in order to get a domain name so that’s why you require to pay a yearly cost on your domain
technical than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain name through a icann licensed domain register why do i state 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 organization that handles the dns system you need to go through an icann certified domain name register in order to get a domain name and that’s just how it works like you’re like why do i need to do that i don’t know why asking me those are simply the rules and that’s what people have been doing for the last few decades in order to get a domain name so that’s why you need to pay an annual cost on your domain due to the fact that you’re not really buying an owning domain 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 windows registry that manages that domain name extension which is then absolutely 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 different domain name extensions have various windows registries and the role of the computer registry is just to handle the administrative data for that particular domain nft domain names versus the traditional dns system what’s the distinction well the conventional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that particularly mean a non-fungible token is simply a piece of data found 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 difference 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 need to already type of know why since those are handled by verisign
which is a domain name registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain 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 difference 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 industrialized 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 do with a dot zill however functionally speaking they are the same customized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain certainly over time as like we have actually decentralized web host develop over time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not actually possible i imply you can do it however it’s quite technical uh however what’s more important is that you can set up your dot crypto address or your dot zill address as a payment gateway so what a lot of novices i believe do not comprehend resembles when you have actually bitcoin you need to send it to a particular bitcoin address if you have white coin you need 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 specific people you need to give them this address and this address and this address it’s actually a headache like what if there’s simply some way to combine whatever into something that’s a bit more sensible easy to use and easy to bear in mind that’s the advantage 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 different types of cryptocurrency to one address since when you get whatever set up you just jump into your unstoppable domain names account and then you can include your different wallets for your different cryptocurrencies.
There is only one real potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.