it is entirely possible for your domain name to be seized…Buy Domain For Crypto… You’re leasing it from the domain computer system registry and they have full control over what happens with your domain name. I’ve discussed this sanctioned monopoly system prior to which you can find out 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 traditional domain. You might have discovered, I said traditional domain name since a business’s working on a brand-new type of domain name 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 really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain since the domain name is stored by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody 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 you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to seize a domain name at any provided time. Now, this is technically very rare, however it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer system registry similar to like a Verisign. The power structure is very different since once we’ve sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the computer system registry not to change rates or take the domain away from you in the future.. Our domain are one-time fees, so you never need to fret about it. Once you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t modify or update or take the football far from you as soon as you have it. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I believe that’s something that’s going to construct. In regards to us beginning, it was a little easier for us to sort of handle the whole user experience and develop all these special tools.
If you were to like, you understand imagine what things are going to be like in 5 to 10 years. Yeah, there should be great deals of various sellers and resellers and things like that. – Obviously a new kind of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or service but we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a completely 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’ve probably seen this term appear 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 declaring to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.