it is totally possible for your domain name to be taken…How Much Did Amazon Pay For The Cryptocurrency Domain Name… You’re renting it from the domain computer system registry and they have complete control over what happens with your domain name. I have actually discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain name. It’s in fact difficult to own a conventional domain name. You may have observed, I said standard domain name because a company’s dealing with a new type of domain name that you can own outright. I had the possibility to speak with 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 actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a conventional domain because the domain is saved by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it means that nobody 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.
– Right now, when you go to buy a domain name you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer registry. 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.
If you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there must be lots of different sellers and resellers and things like that. – Of course a new type of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog or business however we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely different domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term appear all over just recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain system. To be honest, I still struggle with some of the ideas of cryptocurrency, and I’m not an expert in this space. 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 biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.