it is entirely possible for your domain name to be taken…How To Register A Crypto Domain… You’re renting it from the domain pc registry and they have complete control over what happens with your domain name. I have actually discussed this sanctioned monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you do not own your domain. It’s in fact impossible to own a traditional domain name. You might have noticed, I said standard domain due to the fact that a company’s working on a brand-new kind of domain that you can own outright. I had the opportunity to interview 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 actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain due to the fact that the domain is stored by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, much like a cryptocurrency would be. And what this does is it means 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, nobody can do it.
They require to go and get your private key, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to acquire a domain you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows 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 offered time. Now, this is technically exceptionally unusual, but it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer system registry similar to like a Verisign. Due to the fact that as soon as we’ve 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 trusting the computer registry not to change prices or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever need to fret about it. As soon as you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t edit or upgrade or take the football away from you as soon as you have it. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance 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 purchase them. Yeah, I think that’s something that’s going to construct. In regards to us getting going, it was a little simpler for us to sort of manage 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 completely various domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.