it is totally possible for your domain name to be taken…Hpil Nft Domains… You’re renting it from the domain pc registry and they have full control over what occurs with your domain. I have actually talked about this approved monopoly system before which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s in fact difficult to own a traditional domain name. You might have discovered, I stated standard domain due to the fact that a company’s working on a new kind of domain name that you can own outright. I had the chance 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 believed this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain since the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s kept within 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 far 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 secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to seize a domain at any given time. Now, this is technically extremely unusual, however it is possible. And it raises a rising problem with our web, control. Brad calls this the power structure of a domain system. – We’re a windows registry similar to like a Verisign. Since as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is really various. If it’s a.com domain you’re relying on the pc registry not to alter prices or take the domain away from you in the future. Our domain are one-time fees, so you never need to worry about it. When you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t update or modify 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 primarily 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 instance, and you can purchase them. Yeah, I believe that’s something that’s going to build. In regards to us starting, it was a little simpler for us to sort of handle the entire user experience and build all these special tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely 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 declaring to understand all the technical specifics of this new domain name system. To be sincere, I still deal with a few of the concepts of cryptocurrency, and I’m not a professional in this area. However today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the web. The greatest 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 solution for this, thanks to Cloudflare adding assistance for their domains.