it is entirely possible for your domain name to be taken…Crypto Domains Ledger… You’re renting it from the domain computer system registry and they have full control over what happens with your domain. I’ve spoken about this sanctioned monopoly system before which you can discover more about in my “Domain frequently asked question” video but you do not own your domain name. It’s in fact difficult to own a traditional domain. You may have noticed, I stated standard domain name due to the fact that a business’s working on a new type of domain name that you can own outright. I had the chance 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 thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, similar to 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 purchase a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows registry. If it’s a.com domain you’re trusting the computer registry not to change rates or take the domain away from you in the future.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there should be lots of various sellers and resellers and things like that. – Of course a new kind of domain name implies that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or service however we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s a completely various domain system, suggesting you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term appear all over recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent an unique digital product.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.