it is completely possible for your domain name to be taken….Crypto Domain Price… You’re leasing it from the domain computer system registry and they have complete control over what happens with your domain name. I’ve spoken about this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video however you do not own your domain. It’s really difficult to own a standard domain name. You might have discovered, I stated traditional domain name due to the fact that a business’s dealing with a new type of domain that you can own outright. I had the opportunity 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 truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a traditional domain since the domain name is stored by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, much like a cryptocurrency would be. And what this does is it means 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, nobody 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 purchase a domain you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that indicates they have the power to seize a domain at any provided time. Now, this is technically exceptionally uncommon, but it is possible. And it raises an increasing issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. The class structure is really various because as soon as we’ve sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re trusting the pc registry not to alter prices or take the domain far from you in the future. Our domain names are one-time charges, so you never ever need to worry about it. As soon as you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football far from you when you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to construct. In regards to us beginning, it was a little simpler for us to type of handle the entire user experience and build all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.