it is totally possible for your domain name to be seized…Crypto Infrastructure Bill… You’re leasing it from the domain pc registry and they have full control over what happens with your domain. I have actually talked about this approved monopoly system before which you can find out more about in my “Domain FAQ” video however you do not own your domain name. It’s really difficult to own a conventional domain name. You may have seen, I said conventional domain name since a business’s dealing with a new type of domain that you can own outright. I had the opportunity to speak with 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 truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain because 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 suggests 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, no one can do it.
– Right now, when you go to buy a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer registry. If it’s a.com domain you’re relying on the registry not to change prices or take the domain away from you in the future.
If you were to like, you know envision what things are going to be like in five to 10 years. Yeah, there should be lots of different sellers and resellers and things like that. – Of course a new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or business however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s a totally various domain name system, indicating you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term appear everywhere recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. To be honest, I still fight with some of the ideas of cryptocurrency, and I’m not a specialist 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 greatest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.