You’re renting it from the domain registry and they have full control over what occurs with your domain name. You might have seen, I said traditional domain name because a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is various than a conventional domain because the domain name is stored 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. – Today, when you go to purchase a domain you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to take a domain at any offered time. Now, this is technically very uncommon, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a windows registry similar to like a Verisign. Because when we’ve offered you a domain there’s nothing that we can do, the power structure is very various. , if it’s a.com domain you’re trusting the computer registry not to change prices or take the domain away from you in the future.. Our domain are one-time charges, so you never need to stress over it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t modify or upgrade or take the football away from you as soon as you have it. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I believe that’s something that’s going to develop. In terms of us getting going, it was a little easier for us to sort of handle the entire user experience and build all these unique tools.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there need to be great deals of various sellers and resellers and things like that. – Obviously a new type of domain name indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or service but we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s a totally various domain name system, indicating you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term pop up everywhere just recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent a special digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.