…Crypto University…and today I’m extremely thrilled to explore this idea of a decentralized web. When it comes to domains and the concept of a decentralized web, many of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there terms attached to my registration?” The response is no, you do not own your domain name outright, but regulations and policies generally secure the domain from being drawn from you. At the end of the day,
it is entirely possible for your domain to be taken. You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain name. I’ve spoken about this sanctioned monopoly system before which you can discover more about in my “Domain FAQ” video however you don’t own your domain. It’s really difficult to own a traditional domain name. You may have seen, I said standard domain due to the fact that a business’s dealing with a new kind of domain name that you can own outright. I had the opportunity to interview Brad Kam the co-founder of Unstoppable Domains to talk more about the future of the decentralized web. And no this video is not sponsored, I just thought this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a traditional domain due to the fact that the domain name is saved by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to acquire a domain you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to seize a domain name at any offered time. Now, this is technically very unusual, but it is possible. And it raises an increasing issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer registry similar to like a Verisign. Since when we’ve offered you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re relying on the windows registry not to alter prices or take the domain far from you in the future. Our domain are one-time charges, so you never ever have to fret about it. As soon as you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t edit or upgrade or take the football far from you when you have it. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to construct. In regards to us getting going, it was a little simpler for us to type of handle the entire user experience and build all these special tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely different domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. To be sincere, I still battle with some of the principles of cryptocurrency, and I’m not a specialist in this space. But today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the web. The greatest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.
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 features and services constructed 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 individualized crypto addresses that can be set up as a payment gateway so this is the primary feature of unstoppable domain names certainly gradually as like we have decentralized web host establish gradually it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website currently it’s not actually possible i mean you can do it but it’s pretty technical uh.
One-time purchase of domain.
Streamlines method which people interact with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than conventional domains.
Supports 276 crypto possessions.
Have to spend ETH to claim domain.
Still some question regarding whether Unstoppable Domains will attain widespread adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be easier for users to connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually been successful significantly, as they have actually developed a domain system that enables users to establish payments for 276 digital properties under a single domain, while also having the ability to be utilized as a totally working website that can even have actually dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that when declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.
It is doubly safe because this also means that the domain can not be obstructed by anybody besides you, so your website is never at risk of being down due to censorship. The site for acquiring the domains is safe too and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends on a two main elements, though it should be noted that buying a domain is a one-time expense and needs no annual renewals of any sort.
The first aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you pick, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next factor is the gas charges connected with utilizing the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the deal to claim them is available in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend on the current cost of ETH and the network congestion at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the Best Features of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no yearly renewal is exceptionally appealing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody aside from the owner.
The domains likewise have more functionality than traditional domains due to the fact that they can be used to a payment router, however also used to produce websites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your site. Crypto University
Perhaps the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto properties, indicating once you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anyone who you want to receive funds from.
There is only one genuine potential dealbreaker when it concerns using Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.
This might only be a dealbreaker since you do not have any Ethereum at your address and need to buy some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas costs. Nevertheless, this is a one-time transaction fee, and unless you choose to sell/transfer your domain to someone else it will be the extra cost related to getting your domain.