You’re leasing it from the domain pc registry and they have complete control over what happens with your domain name. You might have observed, I said traditional domain name due to the fact that a business’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 traditional domain because the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal key, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain you don’t actually 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. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to take a domain at any provided time. Now, this is technically exceptionally unusual, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer registry comparable to like a Verisign. The power structure is very various since when we have actually offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the windows registry not to alter rates or take the domain far from you in the future. Our domain names are one-time fees, so you never need to worry about it. When you buy a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t upgrade 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 example of.com domains. We’re mainly selling 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 purchase them. So, yeah, I believe that’s something that’s going to construct. In regards to us getting going, it was a little much easier for us to type of handle the entire user experience and build all these special tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.