it is entirely possible for your domain to be taken…Bitcoin To Namecoin… You’re renting it from the domain registry and they have full control over what occurs with your domain. I have actually discussed this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain. It’s in fact difficult to own a standard domain. You may have seen, I said standard domain since a business’s working on a new kind of domain that you can own outright. I had the possibility 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, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain because the domain is saved by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
– Right now, when you go to buy a domain name you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain pc registry. If it’s a.com domain you’re relying on the windows registry not to alter rates 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 lovers. It’s a completely various domain name system, meaning you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain system. To be sincere, I still fight with some of the principles of cryptocurrency, and I’m not a professional in this area. However 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 internet. The most significant bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.