You’re leasing it from the domain windows registry and they have full control over what takes place with your domain name. You might have noticed, I said conventional 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 constructs 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 require 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 name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting 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. Which suggests they have the power to seize a domain at any offered time. Now, this is technically very unusual, however it is possible. And it raises an increasing issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer registry similar to like a Verisign. The power structure is really various since when we’ve offered you a domain there’s nothing that we can do. If it’s a.com domain you’re trusting the windows registry not to change rates or take the domain away from you in the future. Our domain are one-time fees, so you never ever have to worry about it. As soon as you purchase a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t edit or upgrade or take the football away from you when you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily 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 build. In regards to us starting, it was a little much easier for us to sort of manage the entire user experience and develop all these unique 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 an absolutely various domain name system, implying you can’t type craylor.crypto into your web 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 brand-new domain name system. To be sincere, I still deal with a few of the ideas of cryptocurrency, and I’m not an expert in this area. Today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the web. The greatest 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 assistance for their domains.