it is totally possible for your domain to be seized…Blockchain Icon “Public Domain”… You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain. I’ve discussed this sanctioned monopoly system prior to which you can learn more about in my “Domain FAQ” video but you do not own your domain. It’s actually difficult to own a traditional domain name. You may have noticed, I stated traditional 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 opportunity 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 thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet. So it’s kept within your wallet, just like a cryptocurrency would be. And what this does is it implies 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, no one can do it.
They require to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to seize a domain name at any provided time. Now, this is technically very rare, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a windows registry comparable to like a Verisign. Due to the fact that once we’ve offered you a domain there’s nothing that we can do, the power structure is very different. , if it’s a.com domain you’re relying on the computer system registry not to change rates or take the domain away from you in the future.. Our domain are one-time charges, so you never ever have to worry about it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football far from you when you have it. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to build. In regards to us beginning, it was a little easier for us to sort of handle the entire user experience and construct all these unique tools.
If you were to like, you understand envision what things are going to be like in five to 10 years. Yeah, there must be lots of different sellers and resellers and things like that. – Of course a new type of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or business however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely 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 items. You’ve most likely seen this term pop up everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be sincere, I still fight with some of the concepts of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the web. The most significant bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.