it is entirely possible for your domain to be taken…Cisco Crypto Domains… You’re renting it from the domain windows registry and they have full control over what happens with your domain. I have actually spoken about this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video but you do not own your domain name. It’s actually impossible to own a traditional domain name. You might have discovered, I said standard domain since a company’s dealing with a brand-new type of domain name that you can own outright. I had the chance to talk to 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 believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain since the domain name is kept by you, the user inside of your cryptocurrency wallet. So it’s kept inside of your wallet, much like a cryptocurrency would be. And what this does is it suggests 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, no one can do it.
They require to go and get your private secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to take a domain at any offered time. Now, this is technically incredibly uncommon, but it is possible. And it raises a rising problem with our web, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. Because once we have actually offered you a domain there’s nothing that we can do, the power structure is really various. If it’s a.com domain you’re relying on the registry not to change costs or take the domain far from you in the future. Our domain names are one-time costs, so you never ever need to worry about it. As soon as you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t modify or update 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 mostly selling our own domains at unstoppabledomains.com today. But there are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to develop. In regards to us starting, it was a little easier for us to kind of manage the whole user experience and build all these unique tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.