it is totally possible for your domain name to be seized…Crypto Winter… You’re leasing it from the domain registry and they have complete control over what occurs with your domain. I have actually talked about this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video but you do not own your domain name. It’s really impossible to own a standard domain. You may have seen, I said traditional domain name since a business’s dealing with a brand-new type of domain 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 truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain because the domain is saved by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests 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, no one can do it.
– Right now, when you go to buy a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. 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.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there must be great deals of various sellers and resellers and things like that. – Obviously a new kind of domain 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 site or service but 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 name system, indicating you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term turn up everywhere recently. Non-fungible tokens are units of data 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 understand all the technical specifics of this brand-new domain name system. To be truthful, I still struggle with some of the concepts of cryptocurrency, and I’m not an expert in this area. But today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the internet. The biggest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.