it is completely possible for your domain name to be seized…Cryptocurrency Company Names… You’re renting it from the domain computer system registry and they have complete control over what occurs with your domain name. I’ve spoken about this approved monopoly system before which you can find out more about in my “Domain frequently asked question” video but you do not own your domain. It’s really difficult to own a conventional domain name. You may have discovered, I stated conventional domain due to the fact that a business’s working on a new kind of domain name 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, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a traditional domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet. It’s kept 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, nobody can do it.
They need to go and get your private secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to seize a domain at any given time. Now, this is technically extremely unusual, but it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a pc registry comparable to like a Verisign. Since when we’ve sold you a domain there’s nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re relying on the registry not to change prices or take the domain away from you in the future.. Our domain names are one-time charges, so you never need to worry about it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t upgrade or edit or take the football away from you when you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. However there are a number of others that you can buy 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 regards to us starting, it was a little much easier for us to type of handle the whole user experience and build all these unique tools.
If you were to like, you know picture what things are going to be like in five to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Naturally a brand-new kind of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or company however we could see some generic TLDs being used in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term appear everywhere recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.