it is completely possible for your domain to be seized…Bitcoin Logo Public Domain… You’re renting it from the domain pc registry and they have complete control over what occurs with your domain. I have actually spoken about this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video but you don’t own your domain. It’s really impossible to own a conventional domain name. You may have seen, I stated conventional domain name due to the fact that a business’s working on a brand-new type of domain name 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 simply thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a traditional domain since the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, much like a cryptocurrency would be. And what this does is it implies 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 really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. If it’s a.com domain you’re trusting the computer system registry not to alter prices or take the domain away from you in the future.
– Of course a brand-new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. To be sincere, I still deal with some of the principles of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the web. The greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.