it is totally possible for your domain to be taken….Crypto Vs .X Domain… You’re renting it from the domain windows registry and they have complete control over what occurs with your domain. I have actually discussed this approved monopoly system before which you can find out more about in my “Domain FAQ” video but you do not own your domain. It’s really difficult to own a conventional domain. You might have discovered, I stated conventional domain name due to the fact that a business’s working on a brand-new type of domain that you can own outright. I had the possibility 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 truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain since the domain name is stored by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, similar to a cryptocurrency would be. And what this does is it indicates that no one 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. – Right now, when you go to buy a domain you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to seize a domain name at any offered time. Now, this is technically very unusual, but it is possible. And it raises an increasing problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer registry similar to like a Verisign. The class structure is really various because once we have actually sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on the pc registry not to change prices or take the domain away from you in the future.. Our domain names are one-time charges, so you never have to worry about it. When you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t edit or upgrade or take the football away from you when 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 mostly selling our own domains at unstoppabledomains.com today. 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 construct. In terms of us beginning, it was a little much easier for us to type of handle the whole user experience and build all these unique tools.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, meaning you can’t type craylor.crypto into your internet 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 truthful, I still fight with a few of the ideas of cryptocurrency, and I’m not an expert in this space. But 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 greatest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.