it is entirely possible for your domain name to be taken…Crypto Market News… You’re renting it from the domain computer system registry and they have full control over what happens with your domain. I’ve discussed this approved monopoly system before which you can learn more about in my “Domain FAQ” video however you do not own your domain. It’s really impossible to own a conventional domain name. You may have discovered, I said conventional domain since a company’s dealing with a new type of domain that you can own outright. I had the opportunity 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 just believed this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a standard domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it implies that nobody else can move the domain around, take it away 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 in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. If it’s a.com domain you’re trusting the registry not to alter prices or take the domain away from you in the future.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Obviously a new kind of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or service but we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a totally various domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term appear everywhere just recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still fight with some of the principles of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it implies 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 carried out assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.