This is where Unstoppable Domains aims to assist drive adoption of crypto with their blockchain domains. How To Register A Cryptocurrency Name… These domains can not just be used as totally practical web pages, with decentralized applications (dApps) integrated, but likewise as a payment center address where users can receive over 275 different crypto coins and tokens. By giving complicated crypto addresses a human legible name, Unstoppable Domains aims 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 connected 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 benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and operated 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 absolutely nothing that needs any type of approval or consent you as the owner own your domain name so in this video i want to explain to you everything that you require to referred to as 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 registration in fact work i believe
individuals are going to be rather surprised that it’s way more technical and complicated than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i state i can certify due to the fact that you can’t get your domain directly from i can which is again the nonprofit company that manages the dns system you have to go through an icann licensed 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 been providing for the last few years in order to get a domain so that’s why you require to pay an annual charge on your domain
technical than you envisioned 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 name through a icann accredited domain name register why do i say i can license since you can’t get your domain names straight from i can which is once again the nonprofit organization that manages the dns system you need to go through an icann accredited domain name register in order to get a domain which’s just how it works like you resemble why do i need to do that i don’t understand why asking me those are just the guidelines which’s what people have been providing for the last couple of years in order to get a domain name so that’s why you require to pay an annual fee on your domain due to the fact that you’re not in fact purchasing 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 registry that handles that domain name extension which is then completely managed and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension is a verisign for example so all these different domain name extensions have various windows registries and the function of the computer system registry is simply to handle the administrative information for that particular domain name nft domain versus the traditional dns system what’s the distinction well the standard dns system is a centralized 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 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 imply a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain dot crypto versus dot zill what’s the distinction 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 type of know why due to the fact that those are managed by verisign
which is a domain name computer registry which is managed by icann that’s part of 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 only have a dot crypto in dot zo at the time of recording this video the main difference is that these two 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 features and services built 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 personalized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain names clearly with time as like we have actually decentralized web host establish over time it will be possible to use like a decentralized domain name and a decentralized webhosting to develop your own decentralized site currently it’s not truly possible i mean you can do it but it’s pretty 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 beginners i think do not comprehend is like when you have bitcoin you have 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 have 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 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 way to integrate whatever into something that’s a little bit more logical easy to use and easy to keep in mind that’s the advantage of using unstoppable domain and establishing something like dot crypto dot zill as a payment gateway because then you can get payments and of all different kinds of cryptocurrency to one address because when you get everything set up you simply jump into your unstoppable domain account and after that you can add in your different wallets for your different cryptocurrencies.
There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.