it is entirely possible for your domain name to be taken…Bitcoin Dominance Oggi… You’re renting it from the domain pc registry and they have full control over what happens with your domain name. I’ve discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video however you don’t own your domain name. It’s really impossible to own a traditional domain name. You might have observed, I stated conventional domain since a business’s dealing with a brand-new kind of domain that you can own outright. I had the chance 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 really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a standard domain because the domain name is saved by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, just like a cryptocurrency would be. And what this does is it means that nobody else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They require to go and get your personal secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to buy a domain you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that suggests they have the power to take a domain at any offered time. Now, this is technically very rare, however it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry similar to like a Verisign. The class structure is very various since when we’ve offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the computer registry not to change costs or take the domain away from you in the future.. Our domain are one-time costs, so you never need to stress over it. When you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t edit or upgrade or take the football away from you. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. But 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 think 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 build all these unique tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely different domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain system. To be honest, I still fight with some of the principles of cryptocurrency, and I’m not an expert in this space. 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 internet. The biggest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.