You’re leasing it from the domain computer system registry and they have full control over what happens with your domain name. You may have noticed, I stated conventional domain name since a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is various than a traditional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to buy a domain name you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to take a domain name at any offered time. Now, this is technically exceptionally rare, but it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a windows registry similar to like a Verisign. Since when we’ve sold you a domain there’s nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re relying on the computer 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 fret about it. Once you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. As soon as you have it, we can’t upgrade or edit or take the football away from you. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. However there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to develop. In regards to us getting going, it was a little easier for us to type of manage the entire user experience and build all these unique tools.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Naturally a brand-new kind of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog or service but we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain system, indicating you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term pop up everywhere just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a special digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.