You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain name. You may have noticed, I said standard domain name because a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is different than a conventional domain due to the fact that the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to purchase a domain you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to seize a domain at any provided time. Now, this is technically extremely rare, however it is possible. And it raises a rising issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a registry similar to like a Verisign. Due to the fact that as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is really different. If it’s a.com domain you’re relying on the pc registry not to change rates or take the domain far from you in the future. Our domain names are one-time costs, so you never have to fret about it. Once you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. As soon as you have it, we can’t modify or upgrade or take the football away from you. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little much easier for us to kind of handle the entire user experience and construct all these special tools.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Of course a brand-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. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog site or company however we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term pop up everywhere just recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent an unique digital product.
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 truthful, I still deal with a few of the concepts of cryptocurrency, and I’m not an expert in this space. However today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the internet. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.