it is totally possible for your domain name to be seized…How To Buy Blockchain Domain… You’re renting it from the domain windows registry and they have complete control over what happens with your domain name. I have actually spoken about this sanctioned monopoly system before which you can find out more about in my “Domain FAQ” video however you don’t own your domain name. It’s really difficult to own a traditional domain. You may have noticed, I said conventional domain name because a company’s dealing with a new kind of domain that you can own outright. I had the chance 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 just thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a traditional domain because the domain name is stored 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 suggests 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.
They need to go and get your personal secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to take a domain at any offered time. Now, this is technically very uncommon, but it is possible. And it raises a rising issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a registry similar to like a Verisign. Since once we’ve offered you a domain there’s nothing that we can do, the power structure is extremely various. , if it’s a.com domain you’re relying on the pc registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever need to worry about it. Once you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football far from you once you have it. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. But there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I think that’s something that’s going to construct. In regards to us getting started, it was a little simpler for us to type of manage the whole user experience and develop all these unique tools.
If you were to like, you understand imagine what things are going to be like in five to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Obviously a new kind of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or business but we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s an absolutely different domain system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term appear all over just recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.