it is entirely possible for your domain name to be taken…Meowbit Not Recognizing Namecoin… You’re leasing it from the domain registry and they have complete control over what happens with your domain name. I’ve discussed this approved monopoly system before which you can discover more about in my “Domain FAQ” video but you do not own your domain name. It’s really impossible to own a traditional domain name. You might have noticed, I said conventional domain due to the fact that a business’s dealing with a brand-new type of domain name that you can own outright. I had the chance to speak with 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, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain since the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
– Right now, when you go to buy a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows registry. If it’s a.com domain you’re relying on the pc registry not to alter prices or take the domain away from you in the future.
If you were to like, you understand envision what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Of course a brand-new type of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or organization but we might see some generic TLDs being used in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term turn up all over recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be truthful, I still battle with a few of the concepts 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 suggests for the future of the web. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.