Youtube How Do Blockchain Domains Work – Blockchain

Ethereum and now Polygon, which promotes itself as ” the environment-friendly blockchain scaling Ethereum.”.|Unstoppable Domains made usage of the Zilliqa blockchain prior to moving to Ethereum and now Polygon, which promotes itself as ” the environment-friendly blockchain scaling Ethereum.”.} Youtube How Do Blockchain Domains Work…

 

” Gas” on Ethereum refers to the variable cost of making any sort of deal on the network and can frequently get rather expensive. Gas costs to mint a single domain name on Unstoppable Domains through Ethereum were as high as $100. While Ethereum is presently in the process of updating its network to minimize such costs, it’s unclear when the upgrade will be total, which might assist describe why Unstoppable Domains picked to transfer to Polygon now.

Unlike many other NFTs, which are frequently associated with visual art such as images, gifs, or short videos, NFT domain names are just web domain names that exist on a blockchain. These domains likewise serve the dual function of providing brief, easy-to-remember crypto wallet addresses, much like the “.

How much does unstoppable Domains cost?

 

Brave Co-Founder: ‘User Option’ At Heart of Crypto Web Domains.

2 weeks ago, privacy-focused internet browser Brave included assistance for decentralized domain from Unstoppable Domains. Executives from both business told Decrypt that the advantage of the good …

NewsBusiness.
2 minutes read.
Ekin GençMay 31, 2021.

 

Unstoppable Domains claims that more than 1.5 million NFT domain have been established through its service since 2018. The business allows users to buy domain names ending in.crypto,. nft,. bitcoin,. dao and.blockchain, to name a few.

Now that Unstoppable Domains is relocating to Polygon, the business plans to provide assistance for domain management as well as transfer services for those with older Zilliqa and Ethereum-minted domains. At the end of the month, users will be able to establish domains on Polygon with their cryptocurrency addresses as well as include other features like NFT galleries and social media links. If users want to move their domains from Polygon to Ethereum, they’ll have the ability to do so at some point in early 2022, however Ethereum gas fees will apply..

like yeah yeah i signed i understand like this that’s my wallet right now we have to say set the owner of this domain to this address click i understand now you have set a custom-made gas price and after that we have to sign the transaction and there you go all right so what’s going to happen right here is alert inadequate funds that’s completely normal all right since this is a brand new wallet i don’t have any ethereum in this so i can’t in fact spend for the gas charges to really declare this therefore again you have a couple of various choices so you can either go here and buy a claim credit let me just navigate back to the home page there we go so we can buy a claim credit right here if we wish to claim uh our domain or you can simply wait so the other option is just to put ethereum in this wallet yourself so you can go to coinbase purchase ethereum move the ethereum to this meta mask wallet and after that you can spend for the ethereum that way or you can simply wait until they come up with a solution which they’re dealing with as a method to claim your domain totally free alright everybody that’s it for this video on unstoppable domain so these domain names are unstoppable because they are connected to the blockchain you own them forever and nobody can take it far from yo.

Who owns unstoppable Domains?

a part of every crypto domain sale personally even with these risks i still believe we need a service like unstoppable domains to assist onboard brand-new crypto users their user interface is really easy to use the fees are much lower and there are no gas charges progressing plus considering that they create human legible addresses amongst various wallets they are plainly a tool that brand-new users will appreciate for those people who have already bought defy understanding wallet addresses and how clever agreements work is like a force of habit however just a few years ago or for me a few months ago a lot of these ideas were over our heads similar to you don’t necessarily require to know how chrome in fact loads your facebook.com page by utilizing dns ipv6 html and javascript you don’t necessarily need to know exactly how crypto works to use it instead much like you key in facebook.com and struck go new users just require to understand that sending money in crypto is just as simple as asking somebody to pay alice.crypto thank you guys so much for enjoying this educational video about unstoppable domains but i will say for the rest of this video i’m actually going to be revealing you how to register a brand-new domain and sharing the procedure with you so you can follow along or see how simple it is let’s dig in alright we’re here at unstoppabledomains.com and i’m in fact going to show you how to establish a brand-new unstoppable domain and for the functions of this video i’m going to be registering turtlecat.crypto and you can see that it’s readily available for forty dollars so i’m gon na go ahead and click contribute to cart i’m gon na go to my cart and practically uh yes i reside in the united states my postal code and after that i wan na continue with email so here you can see that you can in fact select credit card paypal cryptocurrency or the crypto.com app so i want to pay with ethereum so the first thing we’re going to do is actually click ethereum down here and after that we are going to copy this address go up to our metamask account and click send and after that i’m going to paste the address in and then the quantity of ethereum i’m going to send is the exact amount that they have shared here and even though it’s determined at little less than 40 this is what they’re requesting for so that’s just how much i’m going to send i’m going to double check those eight 4 5 3 8 4 five three with two leading absolutely nos so that’s what i’m going to pay with we’re going to proceed and click next as you can see here the deal cost is going to be 24 which’s even if right now ethereum is very congested so to get your transaction initially in line you have to pay generally twenty three dollars for this video i’m gon na go ahead and pay that but i would not suggest you paying that today as you can see they’ve immediately upgraded that they have spotted a payment and now we essentially wait on that payment to be validated [Music] if we go here and we click these 3 dots and view accounts in ether scan we can really see that 20 seconds ago that transaction was made and if we click that transaction you can see here there are two block verifications and some locations like to see 10 other like to see 35 and what this suggests is that there’s actually in this block there’s two more blocks that have actually been verified in front of it and so this is to ensure that this transaction actually doesn’t get reverted because of some fork in the network the more block verifications you have the more safe this deal.

What is an unstoppable domain?

exists we go they’ve emailed the receipt to my email and after that they’ve also again revealed me just how much i paid so if i go here to go to my domains now i actually own turtlecat.crypto what i can do is that’s presently not minted however what i can do is i can do a totally free mint and today they in fact have a layer 2 ability which implies you can mint for free on polygon and we’re going to do and continue that they’re going to send us a verification code and over here on the other display i’m going to discover it and instead of attempting to type it in i’m uncertain if that’s an i or a 1 so i’m just going to paste it in there we go it worked i’m going to use metamask to mint and then this is essentially validating that we actually own this wallet and after that this is the address that it’s going to be sent out to so we generally just click i understand and after that confirm it and now turtle cat dot crypto will constantly be associated with this account so i proceeded and i increased here to domains and then selected my domains let me get it here and then i clicked the turtle cat.crypto that i bought and you click on manage and this permits you to modify all of your wallet addresses so you can see here i might simply input my bitcoin address my ethereum address which has immediately been included litecoin xrp zill and utilizing this ad currency i can include.

 

any other currency that they have noted for instance i might include cardano and you can see that it’s been added here and after that i simply just paste in my cardano address and validate changes which’ll essentially make it so whenever someone sends out cash to turtlecat.crypto it’ll go to this ada address now likewise prior to i end this video i wished to share with you that you can in fact modify the website stuff but it will be coming soon you can likewise confirm your domains you can add profile there resembles pictures and things you can do and definitely you can move or offer your domain so it’s a bunch of truly cool features on unstoppable domains however i wished to say another thing real quick at the end of this video i think for cyber monday they’re really doing a buy one get one sale.