it is entirely possible for your domain name to be taken…Crypto Ico… You’re renting it from the domain computer system registry and they have full control over what happens with your domain name. I’ve talked about this approved monopoly system prior to which you can find out more about in my “Domain FAQ” video however you do not own your domain. It’s really difficult to own a conventional domain name. You might have seen, I said standard domain name due to the fact that a company’s working on a new kind of domain that you can own outright. I had the possibility 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 actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a conventional domain due to the fact that the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, similar to a cryptocurrency would be. And what this does is it implies that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
– Right now, when you go to purchase 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 registry. If it’s a.com domain you’re relying on the computer system registry not to change costs or take the domain away from you in the future.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, indicating 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 declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.