it is totally possible for your domain to be taken…Crypto Domains To Buy… You’re leasing it from the domain computer registry and they have complete control over what occurs with your domain name. I have actually spoken about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s really impossible to own a conventional domain name. You may have seen, I said traditional domain name because a business’s working on a brand-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 simply thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a traditional domain since the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s kept within your wallet, similar to 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, nobody can do it.
They require to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to take a domain at any provided time. Now, this is technically extremely uncommon, however it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a pc registry comparable to like a Verisign. Since when we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is really various. , if it’s a.com domain you’re trusting the computer system registry not to change rates or take the domain away from you in the future.. Our domain names are one-time fees, so you never ever need to fret about it. Once you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. Once you have it, we can’t edit or upgrade or take the football away from you. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. But there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to develop. In terms of us starting, 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 know picture what things are going to be like in five to 10 years. Yeah, there must be lots of various sellers and resellers and things like that. – Obviously a brand-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. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or company but we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely different domain name system, implying 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 everywhere recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. To be truthful, I still have problem with a few of the principles of cryptocurrency, and I’m not a professional 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 traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.