it is completely possible for your domain to be taken…Crypto Prices… You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain. I have actually spoken about this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video however you don’t own your domain name. It’s really impossible to own a standard domain. You might have discovered, I stated conventional domain because a company’s dealing with a new kind of domain 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 just believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a traditional domain because the domain name is saved by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it means 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.
They need to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to take a domain name at any given time. Now, this is technically very uncommon, but it is possible. And it raises an increasing issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. The class structure is very various due to the fact that as soon as we have actually offered you a domain there’s nothing that we can do. If it’s a.com domain you’re relying on the computer registry not to change costs or take the domain away from you in the future. Our domain names are one-time costs, so you never ever have to stress over it. When you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t update or modify or take the football far from you once you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. But there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little easier for us to type of handle the whole user experience and construct all these special tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, indicating 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 claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.