Web3 101 2023

In addition, there are exceptional domains that cost 10s of thousands. Web3 101…

The next aspect is the gas charges connected with utilizing the Ethereum blockchain to declare your domain, because the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend on the present expense of ETH and the network congestion at the time of the transaction. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.

There are a couple of functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any yearly renewal is very attractive thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody other than the owner.

The domains likewise have more performance than conventional domains due to the fact that they can be used to a payment router, but likewise utilized to produce sites with dApps built straight on them since they exist on the blockchain, allowing the use of smart agreements on your website.

Maybe the very best and most enticing function of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 various crypto assets, 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 established for each cryptocurrency. It is easier not only for you, but for anybody who you want to get funds from.

unstoppable domain names who created that brand great a plus so unstoppable domain names is a san francisco-based company that is supplying domain name extensions that are connected to the blockchain instead of being tied to the dns system particularly 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 benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is controlled and run by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just entirely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or consent you as the owner own your domain name so in this video i want to discuss to you whatever that you require to called a novice about unstoppable domain names make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration in fact work i believe people are going to be rather surprised that it’s method more complex and

technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re launching the domain through a icann accredited domain name register why do i state i can certify 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 register in order to get a domain name and that’s simply how it works like you resemble why do i need to do that i do not understand why asking me those are simply the guidelines and that’s what people have been doing for the last couple of years in order to get a domain name so that’s why you need to pay a yearly charge on your domain names since you’re not really buying an owning domain 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 managed and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension is a verisign for example so all these various domain name extensions have different pc registries and the role of the computer system registry is just to manage the administrative data for that particular domain nft domain versus the standard dns system what’s the difference well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain pc registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that specifically mean a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents an unique digital item in this instance our domain dot crypto versus dot zill what’s the difference with these two 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 should currently kind of understand why because those are managed by verisign

which is a domain name computer system registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain today they just have a dot crypto in dot zo at the time of recording this video the primary difference is that these 2 are tied 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 connected to the silica block durian blockchain is way more developed and you have a little bit more services and features built around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same personalized crypto addresses that can be set up as a payment entrance so this is the primary function of unstoppable domain names certainly over time as like we have decentralized web host develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized site presently it’s not really possible i mean you can do it however it’s pretty technical uh however what’s more vital is that you can set up your dot crypto address or your dot zill address as a payment entrance so what a great deal of newbies i think do not comprehend resembles when you have actually bitcoin you need to send it to a specific bitcoin address if you have white coin you have to send that to a litecoin address if you have bitcoin cash you need to send it to a bitcoin cash address therefore it gets to be a bit of a headache of managing all these various addresses and if you want to get payment from specific people you have to give them this address and this address and this address it’s really a headache like what if there’s simply some method to integrate whatever into something that’s a bit more sensible easy to use and easy to bear in mind that’s the benefit of using unstoppable domain and setting up something like dot crypto dot zill as a payment gateway since then you can get payments and of all different types of cryptocurrency to one address since when you get everything set up you just jump into your unstoppable domain account and then you can include your various wallets for your various cryptocurrencies s.

Prospective Dealbreakers.

There is only one genuine possible dealbreaker when it pertains to using Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

 

This may just be a dealbreaker due to the fact that 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 believe it is unreasonable to pay the gas costs. This is a one-time transaction charge, and unless you choose to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain. Web3 101