it is completely possible for your domain name to be seized…22D Burnrecovery Exception Namecoin-qt… You’re renting it from the domain registry and they have full control over what happens with your domain. I’ve discussed this sanctioned monopoly system before which you can discover more about in my “Domain FAQ” video but you do not own your domain. It’s really impossible to own a conventional domain. You might have observed, I said conventional domain name because a business’s working on a new type of domain that you can own outright. I had the opportunity to interview 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, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain due to the fact that the domain is stored by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests that nobody else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to seize a domain name at any offered time. Now, this is technically very unusual, but it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a registry comparable to like a Verisign. Since once we have actually offered you a domain there’s nothing that we can do, the power structure is very different. , if it’s a.com domain you’re relying on the pc registry not to change prices or take the domain away from you in the future.. Our domain names are one-time fees, so you never have to stress over it. Once you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t update or edit or take the football away from you. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. But 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 develop. In terms of us starting, it was a little simpler for us to sort of manage the entire user experience and build all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this new domain system. To be truthful, I still deal with some of the principles of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the web. The most significant bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.