it is totally possible for your domain name to be seized…Crypto List… You’re leasing it from the domain pc registry and they have full control over what happens with your domain name. I have actually talked about this approved monopoly system prior to which you can discover more about in my “Domain FAQ” video but you do not own your domain. It’s in fact impossible to own a traditional domain. You may have noticed, I said standard domain name because a company’s working on a brand-new kind of domain name 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 simply believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s saved inside of your wallet, much like a cryptocurrency would be. And what this does is it indicates that nobody 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 don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain registry. If it’s a.com domain you’re trusting the computer registry not to change rates or take the domain away from you in the future.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely 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. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be honest, I still struggle with a few of the ideas of cryptocurrency, and I’m not a professional in this area. However today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.