it is totally possible for your domain to be seized…Crypto Domain Extentions… You’re renting it from the domain computer registry and they have complete control over what occurs with your domain. I have actually talked about this sanctioned monopoly system before which you can learn more about in my “Domain frequently asked question” video however you do not own your domain. It’s actually difficult to own a conventional domain. You might have seen, I stated traditional domain because a company’s dealing with a brand-new kind of domain name that you can own outright. I had the chance to interview 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 actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain due to the fact that the domain is kept by you, the user within your cryptocurrency wallet. So it’s saved 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 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 personal secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you don’t actually 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. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to seize a domain at any given time. Now, this is technically exceptionally unusual, but it is possible. And it raises an increasing problem with our web, control. Brad calls this the class structure of a domain system. – We’re a windows registry comparable to like a Verisign. The power structure is extremely different because once we have actually offered you a domain there’s nothing that we can do. , 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.. Our domain are one-time fees, so you never need to stress over it. As soon as you purchase 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 far from you as soon as you have it. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example 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 purchase them. Yeah, I think that’s something that’s going to build. In terms of us starting, it was a little simpler for us to kind of handle the entire user experience and build all these special tools.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Obviously a brand-new type of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or business however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain system, implying you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term appear all over just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.