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You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain name. You might have observed, I said traditional domain name due to the fact that a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet.

They require to go and get your personal secret, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to acquire a domain name you don’t 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 keys to every single.com domain. Which means they have the power to take a domain at any offered time. Now, this is technically exceptionally unusual, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a registry similar to like a Verisign. The power structure is very different because when we have actually offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the computer system registry not to change costs or take the domain away from you in the future.. Our domain are one-time costs, so you never have to stress over it. When you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. When you have it, we can’t modify or upgrade or take the football away from you. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. But 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 believe that’s something that’s going to build. In terms of us getting going, it was a little much easier for us to sort of manage the whole user experience and build all these special tools.

– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you?

In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.