it is completely possible for your domain to be seized…Blockchain Network Application Domains… You’re leasing it from the domain computer registry and they have full control over what happens with your domain name. I have actually discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you don’t own your domain. It’s really difficult to own a conventional domain name. You may have seen, I said standard domain due to the fact that a company’s working on a brand-new type of domain name that you can own outright. I had the possibility 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, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a conventional domain since the domain name is kept 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 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 personal key, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to take a domain name at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it raises a rising problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry similar to like a Verisign. The power structure is very different since when we’ve sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on the pc 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. As soon as you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t upgrade or modify or take the football far from you when you have it. In the standard 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 today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In terms of us beginning, it was a little simpler for us to kind of handle the entire user experience and develop all these unique tools.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Naturally a new kind of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or organization however we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term appear everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.