This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. Unstoppable Domains Stock Symbol… These domains can not only be utilized as fully practical websites, with decentralized applications (dApps) integrated, however likewise as a payment hub address where users can receive over 275 various crypto coins and tokens. By giving complicated 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 supplying domain 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 name extension which is connected 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 requires approval from that governing body however 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 absolutely nothing that needs any type of approval or permission you as the owner own your domain name so in this video i wish to discuss to you whatever that you require to called a newbie about unstoppable domain ensure to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration actually work i think
individuals are going to be quite stunned 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 in fact purchasing the domain name what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i state i can accredit since 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 have 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 simply the guidelines which’s what people have actually been providing for the last few years in order to get a domain so that’s why you need to pay an annual fee on your domain names
technical than you imagined 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 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 nonprofit company that manages the dns system you have to go through an icann licensed domain name register in order to get a domain which’s just how it works like you resemble why do i need to do that i don’t know why asking me those are simply the rules and that’s what individuals have actually been providing for the last couple of decades in order to get a domain name so that’s why you need to pay a yearly charge on your domain due to the fact that you’re not in fact buying 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 registry that manages that domain extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension is a verisign for example so all these different domain extensions have various computer system registries and the role of the registry is just to handle the administrative data for that specific domain name nft domain names versus the conventional dns system what’s the difference 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 pc registries then you have your icann accredited 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 particularly mean a non-fungible token is simply a piece of information discovered 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 ought to currently sort of know why since those are handled by verisign
which is a domain registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of taping this video the main difference 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 developed and you have a bit more functions and services built around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same tailored crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain names obviously over time as like we have actually decentralized web host establish in time it will be possible to utilize like a decentralized domain name and a decentralized web host to develop your own decentralized website currently it’s not truly possible i indicate you can do it but it’s pretty technical uh however what’s more important is that you can establish your dot crypto address or your dot zill address as a payment gateway so what a great deal of beginners i think do not understand is like when you have bitcoin you have 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 have to send it to a bitcoin money address and so it gets to be a bit of a headache of managing all these various addresses and if you want to get payment from specific people you have to give them this address and this address and this address it’s truly a headache like what if there’s just some method to combine everything into something that’s a little bit more logical easy to use and easy 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 gateway due to the fact that then you can receive payments and of all various kinds of cryptocurrency to one address due to the fact that when you get everything 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 real possible dealbreaker when it pertains to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.