it is entirely possible for your domain name to be seized….Crypto Domain Buy… You’re leasing it from the domain registry and they have full control over what occurs with your domain name. I have actually discussed this sanctioned monopoly system before which you can learn more about in my “Domain frequently asked question” video but you do not own your domain. It’s in fact impossible to own a standard domain. You might have observed, I stated standard domain name because a company’s dealing with a brand-new kind of domain name that you can own outright. I had the possibility to speak with 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 really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a standard domain due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it implies that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They require to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to take a domain name at any provided 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 windows registry similar to like a Verisign. Since as soon as we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is extremely different. 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 have to worry about it. When you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t update or modify or take the football away from you when you have it. 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 mostly selling our own domains at unstoppabledomains.com today. But there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to build. In terms of us getting going, it was a little much easier for us to type of manage the whole user experience and build all these special tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various 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 system. To be sincere, I still have problem 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 but more on what it suggests for the future of the internet. The most significant bottleneck 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 support for their domains.