it is totally possible for your domain to be seized…Namecoin 2018 Prediction… You’re leasing it from the domain registry and they have complete control over what occurs with your domain. I’ve discussed this approved monopoly system prior to which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s in fact difficult to own a traditional domain. You might have discovered, I stated standard domain name due to the fact that a business’s working on a new kind of domain name that you can own outright. I had the opportunity 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 really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain due to the fact that 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 suggests that nobody else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
– Right now, when you go to acquire a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain pc registry. If it’s a.com domain you’re relying on the 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 be like in five to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Of course a brand-new kind of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or business however we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various 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 items. You’ve probably seen this term turn up everywhere recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent an unique digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. To be sincere, I still battle with a few of the ideas of cryptocurrency, and I’m not a specialist in this space. But 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 internet. The most significant traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.