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it is completely possible for your domain name to be seized…Crypto Greed And Fear Index… You’re renting it from the domain computer registry and they have full control over what happens with your domain name. I have actually talked about this approved monopoly system before which you can find out more about in my “Domain frequently asked question” video however you do not own your domain name. It’s in fact difficult to own a traditional domain name. You may have noticed, I stated standard domain because a company’s dealing with a brand-new type of domain that you can own outright. I had the chance 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 thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a standard domain because the domain name is kept by you, the user within your cryptocurrency wallet. So it’s stored within your wallet, similar to a cryptocurrency would be. And what this does is it suggests 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 require to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that indicates they have the power to seize a domain name at any provided time. Now, this is technically extremely unusual, however it is possible. And it brings up a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a computer registry similar to like a Verisign. Because as soon as we’ve sold you a domain there’s nothing that we can do, the power structure is very different. , if it’s a.com domain you’re trusting the computer system 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 worry 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 modify or upgrade or take the football away from you once you have it. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I think that’s something that’s going to build. In terms of us starting, it was a little much easier for us to kind of handle the whole user experience and develop all these special tools.

– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain name system, suggesting you can’t type craylor.crypto into your web 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 solution for this, thanks to Cloudflare adding support for their domains.