You’re renting it from the domain windows registry and they have full control over what takes place with your domain name. You might have discovered, I said traditional domain name because a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your private secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you don’t 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 computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to take a domain name at any given time. Now, this is technically incredibly rare, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a pc registry comparable to like a Verisign. Since as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is very various. , if it’s a.com domain you’re relying on the registry not to alter prices or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever need to fret about it. Once you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t modify or update or take the football away from you. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In terms of us starting, it was a little simpler for us to kind of handle the whole user experience and develop all these special tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, meaning 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 claiming to comprehend all the technical specifics of this brand-new domain system. To be sincere, I still have problem with a few of the principles of cryptocurrency, and I’m not a professional in this space. 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 most significant bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.