it is entirely possible for your domain name to be taken…Are Domains A Good Investment… You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain name. I’ve discussed this approved monopoly system before which you can find out more about in my “Domain FAQ” video however you don’t own your domain name. It’s actually difficult to own a standard domain. You may have discovered, I said conventional domain due to the fact that a business’s working on a brand-new type of domain that you can own outright. I had the opportunity 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 actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names 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, much like a cryptocurrency would be. And what this does is it suggests that no one 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.
– Right now, when you go to acquire a domain name you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain registry. If it’s a.com domain you’re relying on the computer registry not to change costs or take the domain away from you in the future.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still battle with some of the ideas 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 suggests for the future of the web. The biggest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.