You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain name. You may have seen, I stated conventional domain name due to the fact that a business’s working on a brand-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 due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to seize a domain name at any offered time. Now, this is technically very rare, but it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer registry similar to like a Verisign. The class structure is extremely different since when we’ve sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re trusting the computer registry not to alter prices or take the domain away from you in the future.. Our domain are one-time fees, so you never ever have to fret about it. Once you purchase a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t update or edit or take the football away from you. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. But there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to build. In regards to us getting started, it was a little much easier for us to type of handle the whole user experience and construct all these special tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain name system, implying you can’t type craylor.crypto into your internet 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 system. To be sincere, I still have problem with some of the ideas of cryptocurrency, and I’m not an expert in this space. But today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the internet. The greatest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.