it is completely possible for your domain to be taken….Crypto Hosted Web Builders… You’re renting it from the domain registry and they have full control over what occurs with your domain. I have actually spoken about this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain. It’s actually impossible to own a traditional domain name. You might have observed, I said conventional domain name due to the fact that a company’s working on a new type 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 simply believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a conventional domain due to the fact that the domain name is saved by you, the user inside of 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 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 acquire a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to take a domain name at any offered 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 power structure of a domain system. – We’re a registry similar to like a Verisign. Due to the fact that once we’ve offered you a domain there’s nothing that we can do, the power structure is really various. , if it’s a.com domain you’re trusting the pc registry not to change costs or take the domain away from you in the future.. Our domain names are one-time fees, so you never need to worry about it. When you purchase a domain 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 conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. But there are a number 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 construct. In terms of us getting started, it was a little easier for us to type of handle the entire user experience and build all these unique tools.
But if you were to like, you know envision what things are going to be like in five to 10 years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Of course a new type of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or company but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term appear everywhere just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. To be truthful, I still battle with a few of the ideas of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the web. The greatest traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.