This is where Unstoppable Domains aims to help drive adoption of crypto with their blockchain domains. Crypto Url… These domains can not only be utilized as fully practical websites, with decentralized applications (dApps) integrated, however also as a payment center 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 is a san francisco-based business that is providing domain name extensions that are tied to the blockchain instead of being tied 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 tied 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 operated by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just entirely 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 so in this video i want to describe to you everything that you require to know as a beginner about unstoppable domain make sure to inspect the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration in fact work i think
individuals are going to be quite surprised that it’s method more technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really buying the domain name what you’re doing is you’re launching the domain name through a icann certified domain name register why do i state i can license because you can’t get your domain straight from i can which is once again the nonprofit company that manages the dns system you need to go through an icann certified domain register in order to get a domain which’s just how it works like you’re like why do i need to do that i don’t understand why asking me those are just the rules which’s what individuals have actually been providing for the last couple of decades in order to get a domain so that’s why you need to pay a yearly cost 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 what you’re doing is you’re launching the domain through a icann accredited domain register why do i state i can license because 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 certified domain name register in order to get a domain name which’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 individuals 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 names since you’re not actually buying an owning domain 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 registry that manages that domain extension which is then completely 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 instance so all these various domain extensions have various computer registries and the function of the registry is simply to manage the administrative information for that particular domain nft domain names versus the conventional dns system what’s the distinction well the traditional dns system is a central system as i mentioned earlier based around icann so you have actually 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 specifically mean a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents a distinct digital item in this instance our domain dot crypto versus dot zill what’s the distinction 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 already type of understand why due to the fact that those are handled by verisign
which is a domain name windows registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can only get blockchain based domain today 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 tied to the silica block durian blockchain is way more industrialized and you have a little bit more services and features developed around uh at the ethereum blockchain with a dot crypto domain name than you finish 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 primary function of unstoppable domain certainly over time as like we have decentralized webhosting develop with time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized site currently it’s not really possible i indicate you can do it however it’s quite technical uh but 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 great deal of novices i think don’t understand resembles when you have 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 money you have to send it to a bitcoin cash address and so it gets to be a little bit of a headache of handling all these different addresses and if you wish to get payment from specific individuals 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 integrate whatever into something that’s a little bit more rational easy to use and simple to bear in mind that’s the benefit of using unstoppable domain names and setting up something like dot crypto dot zill as a payment gateway because then you can get payments and of all various kinds of cryptocurrency to one address due to the fact that when you get whatever set up you just delve into your unstoppable domain names account and after that you can add in your various wallets for your various cryptocurrencies.
There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, which is the cost of declaring your domain with Ethereum.