This is where Unstoppable Domains intends to assist drive adoption of crypto with their blockchain domains. Refund Unstoppable Domains… These domains can not just be used as completely practical websites, with decentralized applications (dApps) integrated, however also as a payment hub address where users can receive over 275 different crypto coins and tokens. By offering complicated crypto addresses a human understandable 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 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 extension which is connected 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 managed 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 totally decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or authorization you as the owner own your domain so in this video i wish to describe to you whatever that you require to know as a novice about unstoppable domain make certain to examine the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration in fact work i think
people are going to be quite stunned that it’s way more complicated and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re releasing the domain through a icann accredited domain register why do i state i can license due to the fact that 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 certified domain name 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 don’t understand why asking me those are simply the rules which’s what people have been providing for the last couple of years in order to get a domain so that’s why you need to pay an annual fee on your domain
technical than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re launching the domain through a icann licensed domain 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 once again the not-for-profit company that manages the dns system you need to go through an icann certified domain name register in order to get a domain which’s simply how it works like you resemble why do i have to do that i don’t know why asking me those are just the rules which’s what individuals have been providing for the last couple of years in order to get a domain name so that’s why you require to pay an annual charge on your domain names due to the fact that you’re not in fact buying an owning domain what you’re doing is leasing their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the computer registry that manages that domain name extension which is then totally handled and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension is a verisign for example so all these various domain name extensions have different registries and the function of the computer system registry is just to manage the administrative data for that particular domain name nft domain versus the traditional dns system what’s the distinction well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain pc registries then you have your icann licensed domain 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 mean a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a special digital product in this circumstances our domain dot crypto versus dot zill what’s the distinction with these 2 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 must already kind of understand why due to the fact that those are handled by verisign
which is a domain computer system registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main distinction is that these 2 are tied 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 bit more features and services built 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 set up as a payment gateway so this is the primary feature of unstoppable domain names obviously in time as like we have actually decentralized webhosting establish over time it will be possible to use like a decentralized domain and a decentralized webhosting to produce your own decentralized site presently it’s not actually possible i mean you can do it but it’s pretty technical uh however what’s more crucial is that you can set up your dot crypto address or your dot zill address as a payment gateway so what a lot of beginners i believe don’t understand is like when you have actually bitcoin you need to send it to a specific bitcoin address if you have white coin you have to send that to a litecoin address if you have bitcoin money you need to send it to a bitcoin money address therefore it gets to be a little bit of a headache of managing all these different addresses and if you want to get payment from specific people you need to provide this address and this address and this address it’s really a headache like what if there’s simply some method to integrate whatever into something that’s a little bit more sensible easy to use and easy to remember that’s the advantage of using unstoppable domain names and setting up something like dot crypto dot zill as a payment entrance because then you can receive payments and of all various kinds of cryptocurrency to one address because when you get whatever set up you simply jump into your unstoppable domain names account and after that you can include your different wallets for your various 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.