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You’re leasing it from the domain registry and they have full control over what takes place with your domain name. You may have observed, I stated standard domain name since a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain since the domain name is saved by you, the user inside of your cryptocurrency wallet.

– Right now, when you go to buy a domain name you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain registry. If it’s a.com domain you’re relying on the pc registry not to change rates or take the domain away from you in the future.

– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, meaning 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 new domain name system. To be sincere, I still deal with a few of the ideas of cryptocurrency, and I’m not a specialist in this space. 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 internet. The greatest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.