it is entirely possible for your domain to be taken…Coinmarketcap Namecoin… You’re leasing it from the domain computer system registry and they have complete control over what happens with your domain name. I’ve talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video however you do not own your domain name. It’s really difficult to own a conventional domain. You might have noticed, I stated standard domain name since a company’s dealing with 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 just believed this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a conventional domain since the domain name is kept by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, much like a cryptocurrency would be. And what this does is it means that nobody else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your personal secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you do not 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 computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to take a domain name at any provided time. Now, this is technically incredibly rare, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer system registry similar to like a Verisign. Because as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re relying on the registry not to alter costs or take the domain away from you in the future. Our domain are one-time fees, so you never have to worry about it. When you buy a domain it’s more like purchasing 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 great deal 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 buy them. So, yeah, I think that’s something that’s going to build. In terms of us getting going, it was a little simpler for us to kind of manage the entire user experience and build all these special tools.
However if you were to like, you know envision what things are going to resemble in 5 to ten years. Yeah, there ought to be great deals of various sellers and resellers and things like that. – Of course a brand-new kind of domain name implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog or service however we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term turn up all over just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.