it is entirely possible for your domain to be taken…Bitcoin Dominance Historical Data… You’re leasing it from the domain computer registry and they have full control over what occurs with your domain. I’ve talked about this sanctioned monopoly system prior to which you can learn more about in my “Domain FAQ” video but you don’t own your domain. It’s really impossible to own a conventional domain. You might have noticed, I stated traditional domain because a company’s working on a new type of domain that you can own outright. I had the possibility to interview 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 simply believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a conventional domain because the domain name is kept by you, the user within your cryptocurrency wallet. So it’s kept within your wallet, just like a cryptocurrency would be. And what this does is it indicates 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, nobody can do it.
They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy 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 pricing from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to seize a domain at any provided time. Now, this is technically incredibly rare, however it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. Due to the fact that as soon as we have actually sold you a domain there’s nothing that we can do, the power structure is really various. , if it’s a.com domain you’re relying on the computer system registry not to alter rates or take the domain away from you in the future.. Our domain are one-time costs, so you never ever need to fret about it. Once you purchase a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t edit or update or take the football far from you as soon as you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to develop. In regards to us getting going, it was a little much easier for us to sort of manage the entire user experience and construct all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this new domain system. To be sincere, I still struggle with a few of the ideas of cryptocurrency, and I’m not a specialist in this area. But today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the web. The biggest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.