it is totally possible for your domain name to be taken…Blockchain Domain Paystring… You’re leasing it from the domain computer system registry and they have full control over what happens with your domain. I’ve talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain name. It’s in fact difficult to own a conventional domain. You may have discovered, I said traditional domain name because a business’s dealing with a brand-new type of domain name that you can own outright. I had the chance 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 just thought this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a conventional domain because the domain is stored 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 means 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, nobody can do it.
– Right now, when you go to purchase a domain name you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer system 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 totally various domain name system, implying 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 claiming to comprehend all the technical specifics of this new domain system. To be truthful, I still have problem with a few of the ideas 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 indicates for the future of the internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.