You’re leasing it from the domain registry and they have full control over what happens with your domain name. You may have noticed, I said conventional domain name since a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is various than a traditional domain since the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require 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 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 prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to take a domain at any given time. Now, this is technically very uncommon, but it is possible. And it brings up an increasing problem with our web, control. Brad calls this the power structure of a domain system. – We’re a windows registry similar to like a Verisign. Due to the fact that when we have actually offered 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 trusting the computer system registry not to alter rates or take the domain away from you in the future.. Our domain are one-time charges, so you never ever have to fret about it. As soon as you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football far from you when you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly selling our own domains at unstoppabledomains.com today. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to build. In terms of us beginning, it was a little easier for us to type of manage the whole user experience and build all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally 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 comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.