it is entirely possible for your domain name to be seized…Cryptocurrency Coin Names… You’re leasing it from the domain computer registry and they have full control over what occurs with your domain. I’ve talked about this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video however you do not own your domain. It’s actually impossible to own a traditional domain. You may have seen, I said conventional domain because a company’s dealing with a new kind of domain that you can own outright. I had the opportunity to speak with 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 believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain due to the fact that the domain name is kept by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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 private key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to purchase a domain name you do not 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 registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that indicates they have the power to take a domain name at any provided time. Now, this is technically very uncommon, however it is possible. And it brings up a rising issue with our web, control. Brad calls this the power structure of a domain system. – We’re a computer system registry similar to like a Verisign. The power structure is very various due to the fact that as soon as we’ve sold you a domain there’s nothing that we can do. , 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 have to stress over it. Once you purchase a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football far from you as soon as you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I think that’s something that’s going to build. In terms of us getting going, it was a little much easier for us to kind of manage the entire user experience and build all these special tools.
If you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Of course a brand-new type of domain name 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 an ideal suitable for your blog site or company but we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally various domain system, implying you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term turn up all over just recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a distinct digital product.
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 including support for their domains.