You’re renting it from the domain pc registry and they have complete control over what happens with your domain name. You might have noticed, I stated standard domain name since a company’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 various than a traditional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to acquire a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain registry. If it’s a.com domain you’re trusting the computer registry not to alter rates or take the domain away from you in the future.
But if you were to like, you understand imagine what things are going to resemble in 5 to ten years. Yeah, there need to be lots of different sellers and resellers and things like that. – Of course a new type of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or organization but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various domain name system, implying you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term turn up everywhere just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.