You’re leasing it from the domain registry and they have full control over what happens with your domain name. You may have noticed, I said traditional domain name due to the fact that a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain because the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal key, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain name you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to take a domain name at any given 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 power structure of a domain name system. – We’re a pc registry similar to like a Verisign. The power structure is really various because when we have actually offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the windows registry not to alter prices or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever need to fret about it. Once you buy a domain name 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 once you have it. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to develop. In regards to us getting going, it was a little much easier for us to kind of manage the whole user experience and build all these special tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain name system, implying you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be sincere, I still have problem with some of the ideas of cryptocurrency, and I’m not an expert in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the web. The most significant traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.