it is entirely possible for your domain to be seized…Cryptocurrency Funny Names… You’re renting it from the domain computer registry and they have complete control over what occurs with your domain name. I’ve spoken about this sanctioned monopoly system before which you can learn more about in my “Domain FAQ” video however you do not own your domain. It’s really impossible to own a standard domain. You might have discovered, I said standard domain name due to the fact that a company’s dealing with a brand-new type of domain name that you can own outright. I had the opportunity to talk to 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, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain due to the fact that the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it suggests 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 acquire a domain name you do not really own it. You’re renting 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 relying on the registry not to change prices or take the domain away from you in the future.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain system. To be sincere, I still fight with a few of the ideas of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the web. The greatest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.