it is completely possible for your domain name to be seized…Bitcoin Dominance… You’re renting it from the domain registry and they have full control over what occurs with your domain. I’ve talked about this approved monopoly system before which you can find out more about in my “Domain FAQ” video but you don’t own your domain name. It’s in fact impossible to own a traditional domain. You might have observed, I said traditional domain because a business’s working on a new kind of domain that you can own outright. I had the opportunity to talk to 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 builds domain on blockchains and this is various than a conventional domain due to the fact that the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s kept inside of your wallet, similar to a cryptocurrency would be. And what this does is it implies that nobody else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your private key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to acquire a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to seize a domain name at any given time. Now, this is technically exceptionally unusual, but it is possible. And it brings up an increasing problem with our web, 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 extremely different due to the fact that as soon as we have actually sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on the computer registry not to alter costs or take the domain away from you in the future.. Our domain are one-time charges, so you never need to stress over it. Once you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t modify or update or take the football far from you as soon as you have it. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In terms of us starting, it was a little much easier for us to type of manage the entire user experience and develop all these unique tools.
But if you were to like, you understand envision what things are going to be like in 5 to ten years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Naturally a new type of domain implies that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog site or service however we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s a completely different domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term appear everywhere recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.