You’re renting it from the domain pc registry and they have full control over what happens with your domain name. You might have noticed, I stated standard domain name since a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a traditional domain because the domain name is saved by you, the user inside of your cryptocurrency wallet.
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 don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to seize a domain name at any offered time. Now, this is technically extremely uncommon, but it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a pc registry similar to like a Verisign. Due to the fact that when we’ve sold you a domain there’s nothing that we can do, the power structure is extremely various. , if it’s a.com domain you’re trusting the registry not to change rates or take the domain away from you in the future.. Our domain names are one-time fees, so you never ever need to stress over it. When you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t edit or upgrade or take the football away from you. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. However there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I believe that’s something that’s going to construct. In regards to us getting going, it was a little easier for us to type of manage the whole user experience and build all these special tools.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, implying 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 name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.