it is totally possible for your domain name to be seized…Cheap Crypto Domains… You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain name. I’ve talked about this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video but you don’t own your domain name. It’s really difficult to own a traditional domain. You might have observed, I stated standard domain name because a business’s working on a new type of domain that you can own outright. I had the chance 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 simply believed this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain because the domain 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 implies 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 need to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to buy 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 pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to seize a domain at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it raises an increasing problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer registry comparable to like a Verisign. Due to the fact that when we have actually sold you a domain there’s nothing that we can do, the power structure is really different. , if it’s a.com domain you’re relying on the pc registry not to alter prices or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever have to stress over it. When you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t modify or upgrade or take the football away from you as soon as you have it. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. 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 terms of us starting, it was a little much easier for us to type of handle the whole user experience and develop all these unique tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be truthful, I still deal with a few of the principles of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the internet. The greatest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.