it is totally possible for your domain to be taken…Blockchain Domain Registry… You’re renting it from the domain pc registry and they have full control over what occurs with your domain. I’ve spoken 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 standard domain name. You might have observed, I said conventional domain name due to the fact that a business’s working on a new type of domain that you can own outright. I had the chance to interview 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 believed this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a conventional domain because the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s saved 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, no one can do it.
They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy a domain you do not in fact 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. And that suggests they have the power to take a domain at any offered time. Now, this is technically exceptionally uncommon, however it is possible. And it brings up a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. The class structure is really various since when we have actually sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the registry not to alter costs or take the domain away from you in the future.. Our domain are one-time costs, so you never need to worry about it. Once you buy a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t edit or upgrade or take the football away from you as soon as you have it. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. However there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I think that’s something that’s going to build. In regards to us starting, it was a little easier for us to sort of handle the entire user experience and develop all these unique tools.
However if you were to like, you understand envision what things are going to be like in 5 to 10 years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Naturally a brand-new type of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog or service however we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s a totally different domain system, implying 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 everywhere recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.