it is completely possible for your domain to be seized…Crypto Prophecies… You’re renting it from the domain computer registry and they have full control over what happens with your domain. I have actually discussed this approved monopoly system prior to which you can find out more about in my “Domain frequently asked question” video however you do not own your domain. It’s in fact impossible to own a conventional domain. You might have discovered, I said standard domain since a business’s working on a new type of domain name 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 simply thought this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a standard domain since the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s kept within your wallet, similar to a cryptocurrency would be. And what this does is it means 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, no one can do it.
They require to go and get your personal key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting 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 suggests they have the power to take a domain at any offered time. Now, this is technically extremely unusual, but it is possible. And it raises a rising problem 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. Because when we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re trusting the computer system registry not to alter prices or take the domain away from you in the future.. Our domain names are one-time fees, so you never ever need to stress over it. When you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t modify or update 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 purchase them. So, yeah, I think that’s something that’s going to build. In regards to us getting started, it was a little much easier for us to type of manage the entire user experience and develop all these unique tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain name system. To be honest, I still struggle with a few of the concepts of cryptocurrency, and I’m not an expert in this area. 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 web. The most significant bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.