it is completely possible for your domain to be taken…Are Unstoppable Domains Worth It… You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain. I’ve talked about this approved monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you do not own your domain name. It’s really impossible to own a conventional domain. You may have observed, I stated traditional domain name since a company’s dealing with a new kind of domain name that you can own outright. I had the chance to talk to 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 believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a traditional domain since the domain name is kept by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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, nobody can do it.
They require to go and get your private key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to purchase a domain you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to seize a domain at any offered time. Now, this is technically extremely uncommon, however it is possible. And it brings up an increasing problem with our web, control. Brad calls this the power structure of a domain system. – We’re a windows registry comparable to like a Verisign. Because once we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re trusting the windows registry not to change rates or take the domain away from you in the future.. Our domain are one-time fees, so you never ever have to fret about it. As soon as you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or modify or take the football far from you once you have it. In the traditional 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 right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I think that’s something that’s going to build. In regards to us getting going, it was a little much easier for us to kind of handle the entire user experience and construct all these unique tools.
But if you were to like, you understand picture what things are going to resemble in five to 10 years. Yeah, there should be lots of various sellers and resellers and things like that. – Naturally a new kind of domain name indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog site or company however we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term appear all over just recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent an unique 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.