You’re leasing it from the domain computer system registry and they have complete control over what takes place with your domain name. You might have observed, I said conventional domain name due to the fact that a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains develops 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.
They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to seize a domain name at any provided time. Now, this is technically incredibly uncommon, 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 registry comparable to like a Verisign. Because when we have actually sold you a domain there’s nothing that we can do, the power structure is very various. , if it’s a.com domain you’re relying on the windows registry not to change rates or take the domain away from you in the future.. Our domain are one-time costs, so you never need to stress over it. As soon as you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t update or modify or take the football away from you. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. However 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 construct. In terms of us getting going, it was a little simpler for us to kind of manage the entire user experience and develop all these special 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 enthusiasts. It’s a completely different domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain system. To be honest, I still battle with some of the concepts of cryptocurrency, and I’m not a specialist in this area. However 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 traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.