it is totally possible for your domain name to be seized…How Crypto Domain Works… You’re leasing it from the domain computer system registry and they have full control over what occurs with your domain. I have actually spoken about this approved monopoly system prior to which you can discover more about in my “Domain frequently asked question” video however you do not own your domain. It’s actually impossible to own a standard domain. You may have noticed, I stated traditional domain name since a business’s dealing with a brand-new type of domain name that you can own outright. I had the possibility 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 thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain because the domain name is stored by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, just like a cryptocurrency would be. And what this does is it suggests 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, nobody can do it.
They require to go and get your private key, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to seize a domain name at any given time. Now, this is technically exceptionally unusual, but it is possible. And it brings up an increasing problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a registry similar to like a Verisign. Because when we’ve sold you a domain there’s nothing that we can do, the power structure is really different. , if it’s a.com domain you’re relying on the windows registry not to change rates or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever need to fret about it. When you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t update or modify or take the football away from you once you have it. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. There are a couple 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 build. In regards to us beginning, it was a little simpler for us to sort of manage the whole user experience and build all these unique tools.
– 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, 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 new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.