it is totally possible for your domain to be seized…Most Common Crypto Domain Name… You’re leasing it from the domain registry and they have full control over what happens with your domain name. I’ve discussed this sanctioned monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you do not own your domain. It’s actually impossible to own a traditional domain name. You might have noticed, I said conventional domain name due to the fact that a business’s working on a new type of domain that you can own outright. I had the chance 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 just believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain since the domain name is stored by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it implies that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
– 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 leasing it at wholesale rates from the domain registry. If it’s a.com domain you’re relying on the computer system registry not to change costs or take the domain away from you in the future.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. To be truthful, I still fight with a few of the ideas of cryptocurrency, and I’m not a professional in this space. However today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the web. The biggest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.