You’re leasing it from the domain pc registry and they have complete control over what happens with your domain name. You may have seen, I stated standard domain name since a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet.
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 purchase a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to take a domain name at any provided time. Now, this is technically exceptionally unusual, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer registry similar to like a Verisign. The power structure is really various since once we have actually sold you a domain there’s nothing that we can do. If it’s a.com domain you’re relying on the computer system registry not to change costs or take the domain away from you in the future. Our domain are one-time costs, so you never ever have to fret about it. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. As soon as you have it, we can’t upgrade or edit or take the football away from you. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily 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 construct. In terms of us beginning, it was a little easier for us to kind of handle the whole user experience and develop 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 enthusiasts. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain system. To be honest, I still battle with a few of the principles of cryptocurrency, and I’m not an expert in this area. 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 most significant traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.