it is totally possible for your domain to be seized…Eth Blockchain Domain… You’re renting it from the domain windows registry and they have complete control over what occurs with your domain name. I have actually spoken about this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain. It’s in fact difficult to own a conventional domain. You may have seen, I stated conventional domain since a business’s dealing with a new kind of domain that you can own outright. I had the chance 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, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a conventional domain due to the fact that the domain name is stored by you, the user within your cryptocurrency wallet. So it’s stored within your wallet, similar to a cryptocurrency would be. And what this does is it means that no one 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.
They need to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to seize a domain name at any provided time. Now, this is technically exceptionally uncommon, but it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a windows registry similar to like a Verisign. Since when we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is extremely various. , if it’s a.com domain you’re relying on the pc registry not to change prices or take the domain away from you in the future.. Our domain are one-time costs, so you never have to fret about it. When you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t upgrade or modify or take the football away from you as soon as you have it. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to build. In terms of us starting, it was a little much easier for us to type of manage the entire user experience and build all these unique tools.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various domain name system, meaning you can’t type craylor.crypto into your internet 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 new domain system. To be truthful, I still fight with some of the principles 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 but more on what it indicates for the future of the internet. The most significant bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.