it is totally possible for your domain name to be taken…How To Get Namecoin… You’re renting it from the domain windows registry and they have full control over what happens with your domain. I have actually discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain name. It’s actually impossible to own a standard domain. You might have seen, I said traditional domain name due to the fact that a business’s working on a brand-new kind 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 simply thought this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain since the domain name is kept by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, much like a cryptocurrency would be. And what this does is it implies 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, nobody can do it.
They require to go and get your personal key, 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 really own it. You’re leasing 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 secrets to every single.com domain. Which suggests they have the power to seize a domain name at any offered time. Now, this is technically extremely unusual, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a windows registry similar to like a Verisign. Since as soon as we’ve offered 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 trusting the computer system registry not to alter prices or take the domain away from you in the future. Our domain are one-time fees, so you never have to stress over it. Once you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. Once you have it, we can’t edit or upgrade or take the football away from you. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to build. In terms of us getting started, it was a little much easier for us to kind of handle the whole user experience and build all these special tools.
However if you were to like, you understand imagine what things are going to resemble in 5 to ten years. Yeah, there must be great deals of various sellers and resellers and things like that. – Obviously a brand-new kind of domain implies that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog site or company however we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally 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 pop up everywhere recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain system. To be honest, I still struggle with some of the concepts of cryptocurrency, and I’m not a professional in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the web. The greatest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.