Coin Bureau Event 2023

In addition, there are exceptional domains that cost tens of thousands. Coin Bureau Event…

The next aspect is the gas charges related to utilizing the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the transaction to claim them comes in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend upon the current cost of ETH and the network blockage at the time of the deal. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.

There are a couple of features of Unstoppable Domains that stick out. The fact that it is a one-time purchase without any yearly renewal is exceptionally attractive considering the way standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone other than the owner.

The domains also have more functionality than standard domains due to the fact that they can be utilized to a payment router, but also utilized to create sites with dApps developed directly on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your website.

Perhaps the best and most enticing feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto properties, suggesting when 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 easier not just for you, but for anybody who you want to receive funds from.

unstoppable domain who created that brand wonderful a plus so unstoppable domain is a san francisco-based business that is providing domain extensions that are tied 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 benefit of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is managed 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 just completely decentralized so there’s no governing body there’s nothing that requires any type of approval or approval you as the owner own your domain so in this video i wish to describe to you everything that you need to called 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 name registration actually work i think people are going to be rather surprised that it’s way more complicated and

technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re releasing the domain name through a icann certified domain register why do i say i can certify since you can’t get your domain names directly from i can which is once again the nonprofit company that handles the dns system you have to go through an icann licensed domain register in order to get a domain name 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 which’s what people 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 fee 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 name so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the windows registry that manages that domain extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension is a verisign for example so all these different domain name extensions have different computer registries and the role of the computer registry is simply to manage the administrative information for that specific domain nft domain versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain windows 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 particularly suggest a non-fungible token is just a piece of information discovered 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 difference with these two so if you leap over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you should already sort of understand why since those are managed by verisign

which is a domain pc 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 you can just get blockchain based domain names right now they just have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these 2 are connected 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 connected to the silica block durian blockchain is way more industrialized and you have a bit more features and services developed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the primary feature of unstoppable domain obviously in time as like we have decentralized webhosting establish over time it will be possible to utilize like a decentralized domain name and a decentralized web host to produce your own decentralized website presently it’s not truly possible i indicate you can do it however it’s pretty technical uh however what’s more important is that you can set up your dot crypto address or your dot zill address as a payment gateway so what a lot of newbies i think don’t understand is like when you have bitcoin you have to send it to a particular bitcoin address if you have white coin you need to send out that to a litecoin address if you have bitcoin money you need to send it to a bitcoin cash address therefore it gets to be a little bit of a headache of managing all these different addresses and if you want to get payment from specific individuals you need to provide this address and this address and this address it’s truly a headache like what if there’s just some way to integrate everything into something that’s a little bit more logical easy to use and simple to remember that’s the benefit of using unstoppable domain and setting up something like dot crypto dot zill as a payment entrance since then you can get payments and of all different types of cryptocurrency to one address because when you get whatever established you simply jump into your unstoppable domain names account and then you can add in your various wallets for your different cryptocurrencies s.

Possible Dealbreakers.

There is only one real possible dealbreaker when it pertains to using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.

 

This might only be a dealbreaker since you do not have any Ethereum at your address and need to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas charges. This is a one-time deal charge, and unless you decide to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain. Coin Bureau Event