You’re renting it from the domain windows registry and they have full control over what takes place with your domain name. You may have seen, I said traditional domain name since 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 different than a conventional domain because the domain name is stored by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to purchase a domain you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to take a domain at any offered time. Now, this is technically very unusual, however it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a windows registry similar to like a Verisign. Because when we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is really different. , if it’s a.com domain you’re relying on the computer system registry not to change rates or take the domain away from you in the future.. Our domain names are one-time charges, so you never need to stress over it. As soon as 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 modify or take the football far from you when you have it. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. But there are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to develop. In regards to us getting going, it was a little much easier for us to kind of manage the entire user experience and construct all these unique tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, suggesting 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 declaring to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.