it is entirely possible for your domain to be seized…Crypto Domain Ideas… You’re leasing it from the domain windows registry and they have complete control over what happens with your domain name. I have actually discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video however you don’t own your domain. It’s really difficult to own a traditional domain name. You may have discovered, I said conventional domain name due to the fact that a business’s dealing with a new kind 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 just believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain because the domain is saved by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests 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 require to go and get your personal secret, which is on your gadget, like your phone or your computer system or whatever. – Right now, 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 renting it at wholesale pricing from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to seize a domain name at any given time. Now, this is technically incredibly unusual, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry comparable to like a Verisign. Because once we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is very 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 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. When you have it, we can’t edit or upgrade or take the football away from you. In the traditional world, there’s a great deal 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. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to construct. In regards to us beginning, it was a little much easier for us to type of manage the entire user experience and construct all these unique tools.
But if you were to like, you know imagine what things are going to resemble in 5 to ten years. Yeah, there need to be lots of different sellers and resellers and things like that. – Of course a 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. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or business but we might see some generic TLDs being used in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain system, suggesting 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 probably seen this term appear everywhere recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. To be truthful, I still battle with a few of the principles of cryptocurrency, and I’m not an expert in this area. However today we’re not focusing as much on the technical side of NFT domains but more on what it means 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 assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.