it is completely possible for your domain name to be seized…Crypto X Wattson… You’re renting it from the domain windows registry and they have full control over what happens with your domain name. I’ve spoken about this approved monopoly system before which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain. It’s actually difficult to own a traditional domain name. You might have discovered, I said traditional domain name due to the fact that a company’s dealing with a brand-new type of domain that you can own outright. I had the possibility to interview 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 truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a conventional domain since the domain is stored by you, the user inside of your cryptocurrency wallet. It’s stored 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.
– Right now, when you go to buy a domain name you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. If it’s a.com domain you’re trusting the windows registry not to change prices or take the domain away from you in the future.
However if you were to like, you understand envision what things are going to be like in 5 to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Naturally a brand-new kind of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog site or company but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain system, indicating 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 probably seen this term pop up everywhere just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be sincere, I still deal 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 web. The greatest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.