You’re leasing it from the domain pc registry and they have full control over what occurs with your domain name. You may have observed, I said standard domain name since a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains constructs 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.
– Right now, when you go to buy a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. 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.
But if you were to like, you understand envision what things are going to resemble in five to ten years. Yeah, there ought to be lots of different sellers and resellers and things like that. – Naturally a brand-new type of domain name indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog or business but we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term turn up all over just recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. To be truthful, I still fight with a few of the ideas of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the internet. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.