You’re renting it from the domain windows registry and they have full control over what happens with your domain name. You might have discovered, I said standard domain name because a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain due to the fact that the domain name is stored by you, the user inside of your cryptocurrency wallet.
They need to go and get your private secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to purchase a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to seize a domain at any offered time. Now, this is technically very rare, but it is possible. And it brings up a rising issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a registry similar to like a Verisign. The class structure is very different due to the fact that when we’ve sold you a domain there’s nothing that we can do. If it’s a.com domain you’re trusting the registry not to change rates or take the domain away from you in the future. Our domain names are one-time charges, so you never have to stress over it. Once you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t upgrade 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 instance 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 example, and you can purchase them. Yeah, I think that’s something that’s going to build. In terms of us starting, it was a little easier for us to kind of handle the whole user experience and construct all these unique tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various 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 claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.