it is totally possible for your domain to be taken….Crypto Domain Risk… You’re leasing it from the domain windows registry and they have full control over what happens with your domain name. I have actually discussed this approved monopoly system prior to which you can discover more about in my “Domain FAQ” video however you do not own your domain. It’s actually impossible to own a standard domain name. You might have seen, I said conventional domain name since a company’s dealing with a new kind of domain that you can own outright. I had the opportunity to talk to 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 develops domain names on blockchains and this is various than a conventional domain because the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s kept inside of your wallet, much like a cryptocurrency would be. And what this does is it means 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.
– Right now, when you go to acquire a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer registry. 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.
If you were to like, you understand picture 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. – Naturally a new kind of domain name indicates 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 could see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term turn up all over recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be truthful, I still fight with a few of the principles of cryptocurrency, and I’m not a specialist in this area. But today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the web. The most significant traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.