it is entirely possible for your domain to be taken…Crypto Crash… You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain name. I have actually talked about this sanctioned monopoly system before which you can discover more about in my “Domain FAQ” video but you do not own your domain. It’s really difficult to own a traditional domain. You might have observed, I said traditional domain name since a company’s dealing with a brand-new type of domain name that you can own outright. I had the possibility 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 simply thought this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a traditional domain due to the fact that the domain name is stored by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, much like a cryptocurrency would be. And what this does is it indicates 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 private secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain name you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to seize a domain at any provided time. Now, this is technically exceptionally uncommon, however it is possible. And it raises a rising issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer registry comparable to like a Verisign. Due to the fact that once we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is really different. , if it’s a.com domain you’re relying on the computer registry not to change prices or take the domain away from you in the future.. Our domain names are one-time fees, so you never need to stress over it. When you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. Once you have it, we can’t edit or update 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 offering our own domains at unstoppabledomains.com right now. But there are a number 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 easier for us to type of handle the whole user experience and construct all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this new domain system. To be honest, I still have problem with a few of the ideas of cryptocurrency, and I’m not a specialist in this space. 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 internet. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.