You’re leasing it from the domain pc registry and they have full control over what happens with your domain name. You may have noticed, I said standard domain name because a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain because the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your private secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to acquire a domain you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to seize a domain at any given time. Now, this is technically exceptionally rare, however it is possible. And it raises a rising problem with our web, control. Brad calls this the class structure of a domain name system. – We’re a windows registry similar to like a Verisign. The class structure is really various due to the fact that 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 relying on the computer registry not to change 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. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t upgrade or edit 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 mainly selling our own domains at unstoppabledomains.com right now. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to develop. In regards to us starting, it was a little much easier for us to kind of handle the entire user experience and build all these unique tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, suggesting 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 declaring to comprehend all the technical specifics of this brand-new domain name system. To be sincere, I still fight with some of the concepts 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 implies for the future of the web. The greatest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.