You’re leasing it from the domain registry and they have complete control over what occurs with your domain name. You might have seen, I said traditional domain name since a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain since the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to buy a domain you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer system 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 at any given time. Now, this is technically very uncommon, but it is possible. And it raises an increasing issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a pc registry comparable to like a Verisign. The class structure is extremely different because when we’ve sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the computer system registry not to alter prices or take the domain far from you in the future. Our domain are one-time charges, so you never need to stress over it. When you purchase a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t modify or upgrade or take the football away from you. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. But there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to develop. In terms of us starting, it was a little simpler for us to sort of manage the whole user experience and build all these special tools.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely different domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.