it is totally possible for your domain to be seized…Infected With Namecoin Warning… You’re renting it from the domain registry and they have full control over what happens with your domain. I’ve discussed this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s actually impossible to own a conventional domain name. You might have discovered, I stated traditional domain name because a business’s dealing with a brand-new kind of domain that you can own outright. I had the opportunity to talk to 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, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds 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 stored within your wallet, just like a cryptocurrency would be. And what this does is it suggests 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 require to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to take a domain name at any offered time. Now, this is technically exceptionally uncommon, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain system. – We’re a pc registry comparable to like a Verisign. Because once we’ve offered you a domain there’s nothing that we can do, the power structure is extremely various. If it’s a.com domain you’re trusting the registry not to change prices or take the domain far from you in the future. Our domain names are one-time fees, so you never need to stress over it. When you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t edit or update or take the football away from you. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy 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 easier for us to kind of manage the entire user experience and construct all these unique tools.
But if you were to like, you understand envision what things are going to resemble in five to ten years. Yeah, there should be lots of various sellers and resellers and things like that. – Naturally a brand-new kind of domain suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog site or business however we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally various domain system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term pop up everywhere recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent an unique digital item.
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 struggle with some of the concepts of cryptocurrency, and I’m not a professional in this space. However 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 greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.