it is completely possible for your domain to be seized…0.7107537 Namecoin To Usd… You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain name. I’ve talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video but you do not own your domain. It’s really difficult to own a standard domain. You may have seen, I said conventional domain name because a business’s dealing with a brand-new kind of domain 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 really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a standard domain since the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, just like a cryptocurrency would be. And what this does is it indicates 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, nobody can do it.
They need to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to buy a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to take a domain at any offered time. Now, this is technically extremely rare, however it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a pc registry similar to like a Verisign. Because once we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is really different. If it’s a.com domain you’re relying on the computer system registry not to alter prices or take the domain far from you in the future. Our domain are one-time costs, so you never ever need to fret about it. As soon as you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. Once you have it, we can’t modify or upgrade or take the football away from you. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to construct. In terms of us beginning, it was a little easier for us to kind of handle the entire user experience and construct all these unique tools.
If you were to like, you understand imagine what things are going to be like in five to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Obviously a brand-new type of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or company however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a completely various domain system, indicating you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term pop up everywhere just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.