it is totally possible for your domain name to be seized…Crypto Domain Cost… You’re leasing it from the domain registry and they have full control over what occurs with your domain name. I’ve talked about this approved monopoly system before which you can find out more about in my “Domain FAQ” video but you do not own your domain name. It’s really impossible to own a conventional domain. You might have discovered, I said standard domain name because a company’s working on a brand-new type of domain 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 thought this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a standard domain due to the fact that the domain is saved 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 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, nobody can do it.
– Right now, when you go to acquire a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. If it’s a.com domain you’re relying on the computer registry not to alter prices or take the domain away from you in the future.
But if you were to like, you understand envision what things are going to resemble in five to ten years. Yeah, there need to be lots of various sellers and resellers and things like that. – Naturally a new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog or business however we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term appear all over recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a special digital item.
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 honest, I still battle with a few of the principles of cryptocurrency, and I’m not an expert in this space. However today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the internet. The biggest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.