it is entirely possible for your domain to be taken…Mine Namecoin… You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain. I have actually discussed this approved monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you don’t own your domain. It’s in fact difficult to own a traditional domain name. You might have noticed, I said standard domain name because a company’s dealing with a brand-new type of domain that you can own outright. I had the possibility 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 just thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain due to the fact that the domain name is kept by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it implies 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.
They need to go and get your private secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to purchase 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 prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to seize a domain at any offered time. Now, this is technically extremely uncommon, however it is possible. And it raises a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a registry similar to like a Verisign. Because once we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is very various. If it’s a.com domain you’re trusting the computer registry not to change rates or take the domain away from you in the future. Our domain are one-time charges, so you never ever have to fret about it. Once you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t modify or update or take the football far from you as soon as you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. However there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I think that’s something that’s going to develop. In regards to us beginning, it was a little easier for us to sort of manage the entire user experience and build all these special tools.
But if you were to like, you know imagine what things are going to be like in five to ten years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Naturally a new kind of domain means that you can’t register.com,. co,. net or any of the standard 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 however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a totally various domain system, suggesting 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 pop up everywhere just recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.