This is where Unstoppable Domains intends to assist drive adoption of crypto with their blockchain domains. Unstoppable Domains Wallet Address… These domains can not just be utilized as totally practical webpages, with decentralized applications (dApps) built-in, however also as a payment hub address where users can receive over 275 different crypto coins and tokens. By offering intricate crypto addresses a human understandable name, Unstoppable Domains aims to be the domain addresses of the future.
unstoppable domain names is a san francisco-based business 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 extension which is tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is controlled and run 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 completely decentralized so there’s no governing body there’s nothing that requires any type of approval or authorization you as the owner own your domain name so in this video i wish to describe to you everything that you need 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
individuals are going to be quite surprised that it’s method more technical and complicated than you imagined so when you go to someplace 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 accredited domain name register why do i say i can license since you can’t get your domain names straight 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 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 rules and that’s what people have been providing 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 envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re launching the domain name through a icann accredited domain name register why do i say i can certify because you can’t get your domain names straight from i can which is again the nonprofit organization that manages the dns system you need to go through an icann licensed domain register in order to get a domain which’s simply how it works like you’re like why do i need to do that i do not understand why asking me those are just the rules which’s what people have actually been doing for the last few years in order to get a domain name so that’s why you need to pay a yearly charge on your domain because you’re not in fact purchasing 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 pc registry that handles that domain extension which is then absolutely managed 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 various domain name extensions have different computer system registries and the role of the windows registry is simply to handle the administrative data for that particular domain name nft domain versus the standard dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain pc 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 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 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 need to currently kind of understand why due to the fact that those are handled by verisign
which is a domain name computer registry which is managed by icann that belongs to 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 tape-recording this video the main distinction is that these two are connected to various block chains that’s it so you have your dot crypto which is tied to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more industrialized and you have a little bit more services and functions built 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 customized crypto addresses that can be set up as a payment entrance so this is the primary function of unstoppable domain names obviously gradually as like we have decentralized web host establish in time it will be possible to use like a decentralized domain and a decentralized webhosting to produce your own decentralized website presently it’s not truly 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 believe do not understand resembles when you have actually bitcoin you have 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 need to send it to a bitcoin money address and so 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 simply some way to combine whatever into something that’s a little bit more sensible easy to use and easy 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 due to the fact that then you can get payments and of all different kinds of cryptocurrency to one address due to the fact that when you get whatever set up you simply jump into your unstoppable domain names account and then you can add in your different wallets for your various cryptocurrencies.
There is only one genuine possible dealbreaker when it concerns using Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.