You’re renting it from the domain registry and they have full control over what takes place with your domain name. You might have noticed, I stated standard domain name because a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is various than a standard domain because the domain name is kept 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 purchase a domain you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing 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 seize a domain name at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a registry comparable to like a Verisign. The class structure is very various since as soon as we’ve offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the computer registry not to change costs or take the domain away from you in the future.. Our domain are one-time charges, so you never 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 update or edit or take the football far from you once you have it. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily offering 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 purchase them. Yeah, I think that’s something that’s going to build. In terms of us getting going, it was a little much easier for us to kind of handle the whole user experience and build all these unique tools.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely different 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 name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. To be truthful, I still battle with some of the principles of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the internet. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.