The expense of depends on a two main elements…Zilliqa Domain… though it ought to be noted that acquiring is a one-time expense and requires no annual renewals of any sort.
The first aspect is the cost of the itself, this can range from $20 USD to well over $1000 USD depending on the you pick, as expense is based on type (. crypto is more than.wallet for example), and the length of the name, with much shorter costing extra. In addition, there are exceptional domains that cost tens of thousands.
The next aspect is the gas fees related to utilizing the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the deal to declare them can be found in ETH and is not consisted of in your preliminary purchase. The gas fees you will pay will depend on the existing 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 overall.
There constantly appears to be a great deal of conflicts and disagreements when it pertains to which updates require to occur to which networks and why. If there is one update required for the whole space that I think we can all agree on, it is that we all need an easier way to connect with addresses and be confident of where we are sending crypto transactions, not to mention an easier way to share our public receiving addresses to others desiring to send us crypto.
a few months ago i created a video on ens which is a complex idea for newbies and isn’t really a trendy subject so it only had 5 000 views recently the protocol behind ens actually did an airdrop resulting in me and a lots of other individuals earning over 11 000 just for my preliminary investment of 60 to register the name i’m here to share something newer and rather potentially even better than ens welcome to the top youtube channel for education and here we describe topics of the cryptocurrency world utilizing analogies stories and examples so that you can easily understand them in this video we are going to be describing is how they might be much better than ens and what that means for individuals entering into the complicated prior to we really get to comprehending the power of the first thing we’ll require to do is comprehend dns here at
using examples so that’s exactly what we’re going to be using to help you comprehend dns so dns represents domain name service which is an elegant way of saying that it is an useful service which permits us human beings to type in human readable addresses into the search bar and after that it will automatically turn them into maker understandable addresses so most of you are most likely knowledgeable about ip addresses and those are precisely how a computer at one end of the internet knows how to talk specifically to another computer system elsewhere and not simply shout it into the abyss that is the web when you type in google.com and you struck enter your computer sends out a message to your internet service provider saying yo where’s google the internet service provider discovers and goes to where google is tells them
that you are trying to find them and then gets a plan back to send to you now the plan is then unpacked by your computer system to show you the totality of the google.com home page using complex math and software all of this communication takes place behind the scenes however to you it’s basic and user friendly in fact if we needed to key in 126.96.36.199 into the url bar instead of google.com a lot more people would be puzzled right we don’t speak in numbers or ip addresses we speak in dot coms dot orgs and internet due to the fact that it makes good sense to us so that’s essentially what a dns is a translator for people to speak machine code next up let’s see how this works for crypto ens is essentially the exact same thing that i simply discussed other than it’s for ethereum ens stands for
ethereum name service and basically lets me tell you that whiteboardcrypto.eth is my wallet address so you can just type that in and pay me 20 if you want by the way if you do not have 20 and you wish to support the channel feel free to leave a like below it’s free and it rewards all our hard work on this video and the past hundred that we have actually been actually hard at work producing but anyways if you’re not used to understanding the option to sharing whiteboard crypto.eth with somebody is i ‘d have to share them this i can’t inform someone that and i could not dependably type that into a computer system you have to copy and paste it which is essentially what ens does is translate
As you likely currently know, crypto transactions are irreversible. When you send character, unbelievably long ERC-20 address and heaven forbid you mess up one character, you might be sending your preciousinto oblivion never ever to be seen again. We all understand the painstaking moments between when you send out crypto, to when it comes to the destination, praying to the that the address was appropriate.
The reverse is also real, say somebody wants to send you some and they screw up even a single digit, all the best asking to resend more after they simply lost their funds. This is extremely frustrating, especially if you are attempting to run a service and are relying on payments, with your consumers all risking of entering your receiving address incorrectly.