it is completely possible for your domain to be taken…Bitcoin Dominance Prediction… You’re renting it from the domain computer system registry and they have full control over what occurs with your domain name. I have actually discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain name. It’s in fact impossible to own a standard domain. You might have observed, I said standard domain since a company’s working on a new kind of domain name that you can own outright. I had the opportunity 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, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a traditional domain since the domain is stored by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply 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, nobody can do it.
– Right now, when you go to acquire a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer registry. If it’s a.com domain you’re relying on the computer registry not to alter rates or take the domain away from you in the future.
If you were to like, you understand imagine what things are going to be like in five to 10 years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Obviously a new type of domain name indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or company however we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term pop up all over recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.