it is totally possible for your domain name to be seized…Crypto Zoo Portland… You’re leasing it from the domain computer registry and they have full control over what occurs with your domain. I have actually spoken about this approved monopoly system prior to which you can find out more about in my “Domain FAQ” video but you do not own your domain. It’s really impossible to own a conventional domain name. You may have noticed, I said standard domain due to the fact that a company’s working on a brand-new type of domain that you can own outright. I had the chance 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 simply believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain since the domain name is stored by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, similar to a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your private secret, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to purchase 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 registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to seize a domain name at any provided time. Now, this is technically extremely unusual, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a pc registry comparable to like a Verisign. Since once we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is extremely various. , if it’s a.com domain you’re trusting the windows registry not to change costs or take the domain away from you in the future.. Our domain are one-time charges, so you never ever need to stress over it. As soon as you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. When you have it, we can’t update or edit or take the football away from you. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. However there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to build. In terms of us getting going, it was a little easier for us to kind of handle the entire user experience and build all these unique tools.
If you were to like, you understand envision what things are going to be like in 5 to 10 years. Yeah, there should be lots of different sellers and resellers and things like that. – Obviously a brand-new type of domain name suggests that you can’t register.com,. co,. net or any of the standard 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 or business but we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term pop up everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.