it is entirely possible for your domain name to be taken…Crypto Domain For Sale… You’re renting it from the domain registry and they have complete control over what occurs with your domain name. I’ve talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video however you do not own your domain. It’s in fact difficult to own a traditional domain. You might have noticed, I said conventional domain name because a business’s dealing with a new type of domain name that you can own outright. I had the opportunity 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 simply believed this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain because the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates that nobody 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 need to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to buy a domain name you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to take a domain name at any offered time. Now, this is technically exceptionally rare, but it is possible. And it brings up a rising problem with our web, control. Brad calls this the class structure of a domain system. – We’re a computer system registry comparable to like a Verisign. Since once we have actually offered 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 trusting the computer system registry not to change costs or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever need to fret about it. When you buy a domain name 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 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 right now. But there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to construct. In regards to us starting, it was a little much easier for us to sort of handle the whole user experience and build all these special tools.
If you were to like, you know imagine what things are going to be like in five to 10 years. Yeah, there should be lots of different sellers and resellers and things like that. – Of course a brand-new kind of domain name implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog site or organization but we might see some generic TLDs being used in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a completely various domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term appear everywhere recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still battle with a few of the ideas 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 but more on what it suggests for the future of the internet. The greatest traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.