FInd Is Unstoppable Domains Decentralized

 

it is totally possible for your domain name to be seized…Is Unstoppable Domains Decentralized… You’re renting it from the domain windows registry and they have full control over what happens with your domain name. I have actually talked about this sanctioned monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you do not own your domain. It’s in fact difficult to own a traditional domain. You may have seen, I said standard domain since a business’s working on a 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 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 traditional domain since the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, similar to a cryptocurrency would be. And what this does is it indicates that nobody else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.

They need 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 purchase 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 rates from the domain 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 given time. Now, this is technically incredibly unusual, but 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 pc registry similar to like a Verisign. Since once we’ve sold you a domain there’s nothing that we can do, the power structure is really different. , if it’s a.com domain you’re relying on the registry not to alter prices or take the domain away from you in the future.. Our domain are one-time charges, so you never have to fret about it. When you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t modify or upgrade or take the football away from you. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly 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 believe that’s something that’s going to construct. In terms of us getting going, it was a little easier for us to sort of handle the whole user experience and construct all these unique tools.

If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Obviously a brand-new type of domain indicates 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 consider being an ideal fit for your blog site or company but we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term appear all over recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent an unique digital product.

In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.