it is totally possible for your domain name to be taken…Crypto Wallet Hardware… You’re leasing it from the domain pc registry and they have full control over what occurs with your domain. I’ve talked 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. It’s actually difficult to own a standard domain name. You may have discovered, I said traditional domain because a business’s dealing with a brand-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 simply thought this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, much like a cryptocurrency would be. And what this does is it suggests 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 personal secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to buy 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 prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to take a domain name at any offered time. Now, this is technically extremely uncommon, however it is possible. And it brings up a rising problem with our web, control. Brad calls this the power structure of a domain system. – We’re a computer registry similar to like a Verisign. The power structure is very various because once we’ve offered you a domain there’s nothing that we can do. If it’s a.com domain you’re relying on the windows registry not to alter prices or take the domain far from you in the future. Our domain are one-time fees, so you never have to stress over it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t upgrade or edit or take the football far from you when you have it. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to develop. In terms of us getting started, it was a little simpler for us to type of manage the whole user experience and build all these special tools.
However if you were to like, you understand envision what things are going to be like in five to 10 years. Yeah, there need to be lots of different sellers and resellers and things like that. – Naturally a brand-new type of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog or business but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a completely various domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term appear all over recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a special digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.