it is completely possible for your domain to be seized…Crypto Mining Domain List… You’re renting it from the domain computer registry and they have full control over what happens with your domain name. I’ve spoken about this approved monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s in fact impossible to own a conventional domain name. You may have discovered, I stated conventional domain since a business’s dealing with a brand-new kind of domain name that you can own outright. I had the chance 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 just thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a traditional domain due to the fact that the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s saved inside of your wallet, similar to 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, nobody can do it.
They require to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to take a domain at any provided time. Now, this is technically incredibly uncommon, however it is possible. And it raises an increasing problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a windows registry comparable to like a Verisign. The class structure is very various because when we’ve sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the registry not to alter rates or take the domain away from you in the future.. Our domain are one-time fees, so you never need to stress over it. As soon as you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. As soon as you have it, we can’t update or edit or take the football away from you. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to build. In regards to us getting started, it was a little easier for us to sort of handle the entire user experience and build all these special tools.
If you were to like, you know picture what things are going to be like in 5 to 10 years. Yeah, there should be great deals of various sellers and resellers and things like that. – Obviously a new kind of domain name means that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog or company but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a totally various domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term pop up everywhere just recently. Non-fungible tokens are systems 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 declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.