Whiteboard Crypto Newsletter 2023

In addition, there are superior domains that cost tens of thousands. Whiteboard Crypto Newsletter…

The next aspect is the gas fees associated with using the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the deal to claim them comes in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the current cost of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

There are a few functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase with no annual renewal is extremely attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody other than the owner.

The domains likewise have more functionality than standard domains since they can be used to a payment router, however likewise utilized to produce websites with dApps built directly on them because they exist on the blockchain, allowing the use of wise contracts on your site.

Possibly 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, indicating once you set it up you will only 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 only for you, but for anyone who you wish to receive funds from.

unstoppable domain who came up with that trademark name great a plus so unstoppable domain is a san francisco-based company that is supplying domain extensions that are connected to the blockchain instead of being connected 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 advantage of using these blockchain based domain name extensions is just that they are decentralized so the dns system is managed and operated by icann so anything constantly needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or authorization you as the owner own your domain so in this video i wish to discuss to you whatever that you require to called a novice about unstoppable domain make certain to examine the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration really work i think people are going to be rather shocked that it’s method more complex and

technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re launching the domain name through a icann certified domain name register why do i say i can accredit because you can’t get your domain names directly from i can which is once again the nonprofit company that handles the dns system you need to go through an icann certified domain name register in order to get a domain and that’s simply how it works like you’re like why do i have to do that i do not understand why asking me those are just the rules and that’s what people have been doing for the last few years in order to get a domain name so that’s why you need to pay a yearly fee on your domain due to the fact that you’re not actually buying an owning domain name what you’re doing is renting their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the registry that handles that domain name extension which is then totally 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 various domain extensions have different computer system registries and the function of the windows registry is simply to manage the administrative data for that specific domain nft domain versus the standard dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain registries then you have your icann licensed 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 particularly mean a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this circumstances 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 find out that you can’t geta.com.net.org why well you can’t you should currently kind of understand why since those are managed by verisign

which is a domain computer registry which is managed by icann that becomes part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of taping 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 connected 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 little bit more services and functions constructed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however functionally speaking they are the same individualized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain names obviously in time as like we have actually decentralized web host develop over time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized website presently it’s not truly possible i imply you can do it however it’s quite technical uh but what’s more important is that you can set up your dot crypto address or your dot zill address as a payment entrance so what a lot of newbies i believe don’t comprehend resembles when you have actually bitcoin you have to send it to a specific bitcoin address if you have white coin you need 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 handling all these different addresses and if you wish to get payment from particular individuals you have to give them this address and this address and this address it’s truly a headache like what if there’s simply some way to combine everything into something that’s a bit more logical easy to use and easy to bear in mind that’s the benefit of using unstoppable domain names and setting up something like dot crypto dot zill as a payment gateway due to the fact that then you can get payments and of all different kinds of cryptocurrency to one address because when you get whatever set up you just delve into your unstoppable domain names account and after that you can include your various wallets for your different cryptocurrencies s.

Possible Dealbreakers.

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

 

This might just be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you believe 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 fee associated with getting your domain. Whiteboard Crypto Newsletter