it is totally possible for your domain to be taken…How To Buy Cryptocurrency With Crypto.Com Card… You’re renting it from the domain registry and they have complete control over what occurs with your domain. I’ve discussed 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. It’s actually difficult to own a traditional domain. You might have observed, I stated conventional domain due to the fact that a company’s dealing with a new type of domain that you can own outright. I had the possibility 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 actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a standard domain due to the fact that the domain 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 implies 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, no one 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 don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to take a domain at any given time. Now, this is technically extremely uncommon, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the class structure of a domain system. – We’re a windows registry comparable to like a Verisign. The power structure is really various due to the fact that 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 windows registry not to change prices or take the domain away from you in the future. Our domain are one-time costs, so you never ever need to worry about it. When you buy a domain 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 away from you when you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. 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 build. In regards to us beginning, it was a little much easier for us to sort of handle the whole user experience and construct all these unique tools.
But if you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there should be great deals of various sellers and resellers and things like that. – Of course a brand-new type of domain name indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or business however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term appear everywhere recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent an unique digital product.
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this new domain system. To be sincere, I still fight with some of the concepts 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 but more on what it indicates for the future of the web. The biggest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.