it is totally possible for your domain to be seized….Crypto Ens… You’re leasing it from the domain registry and they have complete control over what occurs with your domain name. I have actually talked about this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you don’t own your domain. It’s in fact difficult to own a standard domain. You might have observed, I stated standard domain name due to the fact that a business’s working on a brand-new kind of domain name 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, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a standard domain due to the fact that the domain is kept by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates 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 need to go and get your personal secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain you do not in fact 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. Which means they have the power to seize a domain at any provided time. Now, this is technically extremely uncommon, but it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer registry comparable to like a Verisign. Because once we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is extremely various. , 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.. Our domain are one-time charges, so you never ever have to stress over it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t modify or update 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 offering our own domains at unstoppabledomains.com right now. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to build. In terms of us starting, it was a little much easier for us to sort of handle the whole user experience and build all these unique tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, indicating 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 service for this, thanks to Cloudflare adding assistance for their domains.