FInd How Namecoin Works

 

it is totally possible for your domain to be taken…How Namecoin Works… 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 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 name. It’s really impossible to own a traditional domain name. You may have observed, I said standard domain name because a business’s working on a new kind of domain name that you can own outright. I had the opportunity to interview 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 truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a standard domain because the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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.

– Right now, when you go to acquire a domain name you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer system registry. If it’s a.com domain you’re relying on the computer registry not to change prices or take the domain away from you in the future.

– 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 a totally various domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you?

In this case, a domain. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. To be honest, I still deal 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 however more on what it implies for the future of the internet. The greatest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.