it is completely possible for your domain name to be seized…Bitcoin Dominance Data… You’re leasing it from the domain registry and they have full control over what occurs with your domain name. I’ve discussed this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video but you do not own your domain name. It’s really difficult to own a conventional domain name. You may have noticed, I said standard domain name since a company’s working on a new kind of domain name 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 believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain because the domain name is stored by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it means 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 purchase a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. If it’s a.com domain you’re trusting the computer system registry not to change prices or take the domain away from you in the future.
If you were to like, you understand envision what things are going to be like in five to 10 years. Yeah, there must be great deals of various sellers and resellers and things like that. – Naturally a new type of domain name implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or company however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally different domain system, implying you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term appear everywhere recently. Non-fungible tokens are units of information 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 understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.