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it is completely possible for your domain to be seized…Crypto Ranking… You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain name. I’ve discussed this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you don’t own your domain name. It’s in fact difficult to own a standard domain name. You might have discovered, I stated traditional domain name due to the fact that a business’s dealing with a brand-new type of domain name that you can own outright. I had the possibility 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 really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain due to the fact that the domain is stored by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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, no one can do it.

They require to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to acquire a domain you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to take a domain name at any provided time. Now, this is technically incredibly uncommon, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry similar to like a Verisign. Since when we have actually offered you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re trusting the computer registry not to alter prices or take the domain away from you in the future. Our domain are one-time fees, so you never need to fret about it. When you buy a domain name it’s more like purchasing 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. And so GoDaddy is a reseller for instance of.com domains. We’re primarily offering 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 think that’s something that’s going to build. In terms of us getting going, it was a little simpler for us to sort of manage the whole user experience and construct all these special tools.

But if you were to like, you understand picture what things are going to resemble in 5 to ten years. Yeah, there ought to be great deals of different 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 basic TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or organization however we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a completely various domain system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term turn up all over just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent an unique digital product.

In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. To be honest, I still struggle with a few 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 but more on what it indicates for the future of the internet. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.