it is totally possible for your domain name to be seized…How To Get A Blockchain Domain Name… You’re leasing it from the domain pc registry and they have complete control over what happens with your domain. I’ve discussed this sanctioned monopoly system prior to which you can find out more about in my “Domain frequently asked question” video however you do not own your domain. It’s really impossible to own a traditional domain name. You might have noticed, I stated standard domain since a business’s dealing with a new kind of domain name that you can own outright. I had the opportunity 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 truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a conventional domain because the domain name is kept 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 means that no one 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.
– Right now, when you go to acquire a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer system registry. If it’s a.com domain you’re relying on the pc registry not to change rates or take the domain away from you in the future.
If you were to like, you know picture what things are going to be like in 5 to 10 years. Yeah, there must be lots of different sellers and resellers and things like that. – Of course a brand-new kind of domain indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog site or organization but we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a completely different domain system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term turn up everywhere just recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain system. To be sincere, I still battle with some of the concepts of cryptocurrency, and I’m not a specialist in this area. But today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the internet. The most significant 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 adding support for their domains.