You’re leasing it from the domain computer registry and they have complete control over what happens with your domain name. You may have observed, I stated standard domain name because a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain because the domain name is kept by you, the user inside of your cryptocurrency wallet.
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 purchase a domain name you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to take a domain name at any offered time. Now, this is technically very unusual, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer registry comparable to like a Verisign. Due to the fact that when we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is really various. If it’s a.com domain you’re relying on the windows registry not to change rates or take the domain far from you in the future. Our domain names are one-time fees, so you never have to worry about it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t update or modify or take the football away from you once 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 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 buy them. Yeah, I think that’s something that’s going to construct. In terms of us getting started, it was a little much easier for us to type of manage the entire user experience and construct all these special tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be honest, I still fight with some of the concepts of cryptocurrency, and I’m not an expert in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the web. The most significant traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.