This is where Unstoppable Domains intends to help drive adoption of crypto with their blockchain domains. Web 3.0 Domains… These domains can not only be used as fully functional web pages, with decentralized applications (dApps) integrated, however likewise as a payment center address where users can get over 275 different crypto coins and tokens. By providing complex crypto addresses a human readable name, Unstoppable Domains intends to be the domain addresses of the future.
unstoppable domain is a san francisco-based business that is offering domain name extensions that are connected to the blockchain instead of being connected 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 operated 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 absolutely nothing that requires any type of approval or approval you as the owner own your domain name so in this video i wish to explain to you whatever that you need to referred to as a newbie about unstoppable domain names make sure to inspect the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration in fact work i believe
people are going to be rather stunned that it’s way more technical and complicated than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain name through a icann licensed domain register why do i state i can license since you can’t get your domain names straight from i can which is again the nonprofit 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 need to do that i don’t understand why asking me those are just the rules and that’s what individuals have actually been doing for the last few decades in order to get a domain so that’s why you require to pay an annual fee on your domain
technical than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain through a icann certified domain name register why do i say i can accredit due to the fact that you can’t get your domain straight from i can which is once again the not-for-profit organization 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 understand why asking me those are simply the rules which’s what people have actually been doing for the last few years in order to get a domain name so that’s why you require to pay a yearly fee on your domain names due to the fact that you’re not in fact purchasing an owning domain name 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 computer system registry that handles that domain extension which is then totally 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 instance so all these different domain extensions have different windows registries and the function of the pc registry is just to handle the administrative data for that particular domain name nft domain names versus the traditional dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer system registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that specifically mean a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital product in this instance our domain names dot crypto versus dot zill what’s the distinction with these two so if you leap 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 kind of know why because those are managed by verisign
which is a domain computer registry which is handled by icann that belongs to 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 names right now they only have a dot crypto in dot zo at the time of recording this video the primary distinction is that these 2 are tied 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 little bit more features and services developed 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 entrance so this is the primary function of unstoppable domain names clearly over time as like we have actually decentralized webhosting develop with time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to create your own decentralized site presently it’s not actually possible i indicate you can do it but it’s quite technical uh but 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 lot of newbies i believe don’t comprehend resembles when you have actually 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 cash you have to send it to a bitcoin cash address therefore it gets to be a little bit of a headache of managing all these various addresses and if you wish to get payment from particular individuals you need to provide this address and this address and this address it’s really a headache like what if there’s just some method to integrate 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 due to the fact that then you can get payments and of all various types of cryptocurrency to one address since when you get whatever established you just jump into your unstoppable domain account and after that you can include your different wallets for your various cryptocurrencies.
There is only one real possible dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of claiming your domain with Ethereum.