Namecoin Scam – All you need to know

it is totally possible for your domain name to be seized. Namecoin Scam… You’re renting it from the domain computer registry and they have complete control over what happens with your domain. I have actually discussed this approved monopoly system prior to which you can discover more about in my “Domain FAQ” video but you don’t own your domain name. It’s really impossible to own a standard domain name. You might have seen, I said traditional domain since a business’s working on a brand-new kind of domain name that you can own outright. I had the possibility to speak with Brad Kam the co-founder of Unstoppable Domains to talk more about the future of the decentralized web. And no this video is not sponsored, I just thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain because the domain name is stored by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.

in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you ought to already sort of know why because those are handled 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 types 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 main difference is that these two are connected to different block chains that’s it so you have Namecoin Scam

 

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 bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain names obviously with time as like we have actually decentralized webhosting establish with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized website presently it’s not really possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people interact with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Have to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will achieve extensive adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement for it to be simpler for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually prospered considerably, as they have produced a domain system that allows users to set up payments for 276 digital assets under a single domain, while also being able to be utilized as a totally working website that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe since when declared the domains exist under your address on blockchain, suggesting they are as safe as the blockchain itself.

It is two times as safe due to the fact that this also means that the domain can not be blocked by anyone besides you, so your website is never ever at risk of being down due to censorship. The website for acquiring the domains is safe as well and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 main aspects, though it must be kept in mind that acquiring a domain is a one-time expense and requires no yearly renewals of any sort.

The first aspect is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you choose, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.

The next factor is the gas fees associated with using the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to claim them is available in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend upon the existing cost of ETH and the network blockage at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the Best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no annual renewal is incredibly attractive considering the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone besides the owner.

The domains also have more functionality than traditional domains because they can be used to a payment router, however also utilized to produce sites with dApps built directly on them because they exist on the blockchain, allowing the use of wise contracts on your website. Namecoin Scam

Maybe the very best and most enticing function of Unstoppable Domains is that is provides you a way to have one address for you to get 276 different crypto assets, indicating as soon as you set it up you will only ever require to know 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 anybody who you want to get funds from.

 

Possible Dealbreakers.

There is only one genuine potential dealbreaker when it comes to utilizing Unstoppable Domains, which is the expense of claiming your domain with Ethereum.

This might only be a dealbreaker since 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. Nevertheless, this is a one-time deal charge, and unless you decide to sell/transfer your domain to somebody else it will be the extra charge related to getting your domain.