You’re leasing it from the domain windows registry and they have full control over what occurs with your domain name. You may have seen, I said standard domain name due to the fact that a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is various than a traditional domain because the domain name is stored by you, the user inside of your cryptocurrency wallet.
They need to go and get your private key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to buy a domain name you don’t 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 pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to seize a domain at any offered time. Now, this is technically exceptionally uncommon, however it is possible. And it raises an increasing problem with our web, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. The power structure is very different because as soon as we have actually 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 alter costs or take the domain away from you in the future.. Our domain names are one-time costs, so you never have to stress over it. Once you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t modify or update or take the football away from you. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to build. In regards to us getting going, it was a little easier for us to type of handle the whole user experience and develop all these special tools.
However if you were to like, you understand picture what things are going to resemble in five to ten years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Of course a brand-new type of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog site or business however we might see some generic TLDs being used in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a completely different domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term appear all over recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain system. To be sincere, I still have problem with a few of the principles 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 indicates for the future of the internet. The biggest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.