This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. Unstoppable Domains How To Use… These domains can not just be used as totally functional web pages, with decentralized applications (dApps) built-in, but also as a payment hub 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 is a san francisco-based business that is offering domain extensions that are tied to the blockchain instead of being tied to the dns system particularly 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 just that they are decentralized so the dns system is controlled and run by icann so anything constantly 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 nothing that needs any type of approval or consent you as the owner own your domain so in this video i wish to describe to you whatever that you need to called a newbie about unstoppable domain names ensure 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 rather surprised that it’s way more complicated and technical than you envisioned 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 launching the domain name through a icann accredited domain register why do i state i can accredit due to the fact that you can’t get your domain straight from i can which is once again the not-for-profit organization that handles the dns system you need to go through an icann licensed 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 do not know why asking me those are simply the rules which’s what people have actually been providing for the last few years in order to get a domain name so that’s why you need to pay an annual charge 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 name what you’re doing is you’re releasing the domain name through a icann certified domain register why do i state i can certify since you can’t get your domain 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 licensed domain register in order to get a domain and that’s simply how it works like you resemble why do i need 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 years in order to get a domain so that’s why you require to pay an annual cost on your domain due to the fact that you’re not really 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 manages that domain extension which is then completely managed and arranged 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 extensions have different windows registries and the role of the computer registry is simply to handle the administrative data for that specific domain nft domain versus the standard dns system what’s the distinction well the standard dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain windows registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that specifically mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents an unique digital product in this instance our domain dot crypto versus dot zill what’s the difference with these 2 so if you leap over to unstoppabledomainnames.com link in the description you’re going to discover that you can’t geta.com.net.org why well you can’t you must already sort of understand why since those are managed by verisign
which is a domain name 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 today they only have a dot crypto in dot zo at the time of 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 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 bit more services and functions developed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however functionally speaking they are the same individualized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain names obviously over time as like we have decentralized web host establish with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to create your own decentralized site currently it’s not really possible i mean you can do it but it’s quite 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 entrance so what a great deal of beginners i think don’t understand is like when you have 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 money you need to send it to a bitcoin cash address therefore it gets to be a little bit of a headache of managing all these various addresses and if you wish to get payment from specific people you have to provide this address and this address and this address it’s truly a headache like what if there’s simply some method to combine everything into something that’s a bit more rational easy to use and easy to remember that’s the benefit 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 various kinds of cryptocurrency to one address because when you get everything established you just jump into your unstoppable domain names account and after that you can include your various wallets for your different cryptocurrencies.
There is only one genuine possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.