You’re renting it from the domain computer registry and they have complete control over what takes place with your domain name. You may have noticed, I stated standard domain name because a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is various than a standard domain since the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require 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 purchase a domain you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to seize a domain name at any provided time. Now, this is technically very unusual, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a registry comparable to like a Verisign. Because when we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re trusting the windows registry not to change rates or take the domain far from you in the future. Our domain are one-time costs, so you never ever have to worry about it. As soon as you purchase a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once 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. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In terms of us getting going, it was a little much easier for us to type of handle the entire user experience and develop all these special tools.
But if you were to like, you know imagine what things are going to resemble in 5 to ten years. Yeah, there should be lots of various sellers and resellers and things like that. – Of course a brand-new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or service however we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term turn up everywhere just recently. Non-fungible tokens are units of information on a journal, 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. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.