…”Namecoin” Statistics…and today I’m incredibly thrilled to explore this concept of a decentralized web. So when it pertains to domains and the idea of a decentralized web, much of you ask me, “Christian, do I actually own my domain name outright?” Or, “Are there stipulations attached to my registration?” The answer is no, you don’t own your domain name outright, however policies and regulations usually safeguard the domain from being taken from you. But at the end of the day,
it is completely possible for your domain name to be taken. You’re leasing it from the domain computer registry and they have complete control over what happens with your domain. I’ve discussed this approved monopoly system prior to which you can find out more about in my “Domain FAQ” video however you don’t own your domain. It’s actually impossible to own a standard domain name. You may have discovered, I said standard domain name since a business’s dealing with a new type of domain that you can own outright. I had the possibility 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 simply thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain due to the fact that the domain is stored by you, the user within your cryptocurrency wallet. So it’s stored within your wallet, just like a cryptocurrency would be. And what this does is it indicates that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They require to go and get your private key, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to seize a domain name at any given time. Now, this is technically very uncommon, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a pc registry comparable to like a Verisign. The class structure is really different due to the fact that when we’ve offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the computer registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time costs, so you never have to stress over it. When you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. As soon as you have it, we can’t modify or update or take the football away from you. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. But there are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In terms of us beginning, it was a little easier for us to type of manage the whole user experience and build all these unique tools.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Obviously a brand-new kind of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or organization but we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a completely different domain system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term pop up all over just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. To be truthful, I still deal with some of the ideas of cryptocurrency, and I’m not a professional in this space. But today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the web. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.
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 services and features developed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same customized crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain names clearly with time as like we have actually decentralized webhosting establish in time it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized website presently it’s not truly possible i indicate you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which people connect with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than traditional domains.
Supports 276 crypto properties.
Have to invest ETH to claim domain.
Still some concern as to whether Unstoppable Domains will accomplish widespread adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a need for it to be much easier for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.
In this manner they have actually been successful considerably, as they have developed a domain system that allows users to establish payments for 276 digital properties under a single domain, while likewise having the ability to be used as a totally working site that can even have actually dApps constructed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe due to the fact that as soon as declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.
It is two times as safe due to the fact that this also indicates that the domain can not be obstructed by anybody other than you, so your site is never ever at risk of being down due to censorship. The website 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 2 main elements, though it must be kept in mind that buying a domain is a one-time expense and needs no yearly renewals of any sort.
The first aspect is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you select, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.
The next factor is the gas costs associated with utilizing the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the deal to claim them comes in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the existing expense of ETH and the network blockage at the time of the transaction. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Features of Unstoppable Domains?
There are a few functions of Unstoppable Domains that stick out. The reality that it is a one-time purchase without any yearly renewal is incredibly appealing thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anybody other than the owner.
The domains likewise have more functionality than standard domains since they can be used to a payment router, but also utilized to develop sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your site. “Namecoin” Statistics
Maybe the very best and most enticing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto possessions, suggesting as soon as 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 simpler not only for you, but for anybody who you wish to get funds from.
There is only one real prospective dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.
This might just be a dealbreaker because 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 fees. This is a one-time deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.