You’re leasing it from the domain computer system registry and they have full control over what happens with your domain name. You might have discovered, I said conventional domain name due to the fact that a company’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 different than a conventional domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain you don’t really 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 secrets to every single.com domain. Which means they have the power to seize a domain at any provided time. Now, this is technically exceptionally uncommon, but it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry similar to like a Verisign. Because once we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is really various. If it’s a.com domain you’re trusting the computer system registry not to alter costs or take the domain far from you in the future. Our domain names are one-time fees, so you never have to worry about it. When you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t edit or upgrade or take the football away from you. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to build. In regards to us starting, it was a little much easier for us to sort of manage the entire user experience and construct all these special tools.
However if you were to like, you understand picture what things are going to be like in five to 10 years. Yeah, there must be lots of various sellers and resellers and things like that. – Naturally a new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or service however we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely different domain system, indicating you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term pop up everywhere recently. Non-fungible tokens are units of data 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 comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.