it is entirely possible for your domain to be taken….Crypto Domain Names… You’re leasing it from the domain registry and they have complete control over what occurs with your domain name. I have actually spoken about this sanctioned monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s really difficult to own a standard domain name. You may have discovered, I stated traditional domain due to the fact that a business’s dealing with a new kind of domain that you can own outright. I had the possibility 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 simply believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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 require to go and get your private key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows 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 name at any given time. Now, this is technically incredibly uncommon, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a registry comparable to like a Verisign. The power structure is very various due to the fact that as soon as we have actually sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the computer registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time fees, so you never have to fret about it. As soon as you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t edit or update or take the football away from you. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In regards to us getting started, it was a little much easier for us to type of manage the entire user experience and build all these special tools.
But if you were to like, you understand envision what things are going to resemble in 5 to ten years. Yeah, there should be great deals of different sellers and resellers and things like that. – Of course a new type of domain name indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog or organization however we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally various domain system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term turn up everywhere recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a distinct digital item.
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 sincere, I still deal with a few of the principles of cryptocurrency, and I’m not a specialist in this space. But 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 web. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.