You’re leasing it from the domain windows registry and they have full control over what occurs with your domain name. You might have seen, I stated standard domain name because a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain due to the fact that the domain name is stored 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 system or whatever. – Today, when you go to purchase a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to seize a domain name at any given time. Now, this is technically very uncommon, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain system. – We’re a windows registry comparable to like a Verisign. The class structure is extremely various because when we’ve offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the computer system registry not to change prices or take the domain far from you in the future. Our domain names are one-time costs, so you never have to worry about it. When you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t edit or upgrade or take the football far from you as soon as you have it. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to build. In terms of us beginning, it was a little simpler for us to type of handle the entire user experience and develop all these unique tools.
If you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there must be great deals of various sellers and resellers and things like that. – Obviously a new type of domain means that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog or service but we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely different domain system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term pop up all over just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a special digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.