This is where Unstoppable Domains intends to assist drive adoption of crypto with their blockchain domains. Unstoppable Domains Presentation… These domains can not only be utilized as completely functional webpages, with decentralized applications (dApps) built-in, however likewise as a payment hub address where users can get over 275 different crypto coins and tokens. By offering 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 supplying domain name extensions that are connected to the blockchain instead of being tied 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 connected 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 controlled and run by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that requires any kind of approval or permission you as the owner own your domain so in this video i wish to explain to you whatever that you need to know as a beginner about unstoppable domain 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 name registration actually work i think
people are going to be quite surprised that it’s way 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 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 directly from i can which is once again the nonprofit company that handles the dns system you have to go through an icann accredited domain register in order to get a domain name which’s just how it works like you’re like why do i have to do that i don’t know why asking me those are just the guidelines and that’s what individuals have actually been doing for the last couple of decades in order to get a domain name so that’s why you need to pay an annual fee on your domain
technical than you envisioned so when you go to someplace 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 name register why do i say i can certify due to the fact that you can’t get your domain names straight from i can which is again the not-for-profit company that handles the dns system you have to go through an icann licensed domain name register in order to get a domain name which’s simply how it works like you resemble why do i need to do that i do not understand why asking me those are simply the rules and that’s what individuals 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 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 registry that handles that domain name extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension is a verisign for example so all these different domain extensions have different computer system registries and the function of the registry is just to manage the administrative data for that specific domain nft domain versus the standard dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain pc registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance 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 a special digital item in this instance our domain names 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 discover that you can’t geta.com.net.org why well you can’t you need to currently type of understand why since those are managed by verisign
which is a domain registry which is handled by icann that’s 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 right now they only have a dot crypto in dot zo at the time of recording this video the primary 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 developed and you have a bit more services and functions 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 personalized crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain names obviously gradually as like we have actually decentralized web host develop over time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to develop your own decentralized site currently it’s not actually possible i indicate you can do it however it’s quite technical uh however what’s more vital 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 think don’t comprehend is like when you have 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 bit of a headache of handling all these different addresses and if you wish to get payment from specific people you have to give them this address and this address and this address it’s really 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 simple to bear in mind that’s the advantage of using unstoppable domain names and setting up something like dot crypto dot zill as a payment entrance since then you can receive payments and of all different types of cryptocurrency to one address since when you get everything set up you simply jump into your unstoppable domain account and then you can add in your different wallets for your different cryptocurrencies.
There is only one genuine potential dealbreaker when it concerns utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.