You’re leasing it from the domain computer registry and they have full control over what occurs with your domain name. You might have discovered, I said standard domain name due to the fact that a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain because the domain name is stored by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to take a domain name at any offered time. Now, this is technically very uncommon, but it is possible. And it raises an increasing problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer registry similar to like a Verisign. Due to the fact that when we have actually offered you a domain there’s nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re relying on the windows registry not to alter prices or take the domain away from you in the future. Our domain are one-time fees, so you never need to stress over it. As soon as you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t upgrade or modify or take the football far from you once you have it. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to develop. In terms of us beginning, it was a little much easier for us to sort of handle the whole user experience and build all these special tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. To be sincere, I still deal with a few of the ideas of cryptocurrency, and I’m not an expert in this space. But today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the web. The most significant traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.