it is totally possible for your domain to be seized…Namecoin Addnode… You’re renting it from the domain computer registry and they have complete control over what occurs with your domain. I have actually discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video however you do not own your domain. It’s actually difficult to own a traditional domain name. You might have observed, I said traditional domain since a company’s dealing with a brand-new kind of domain that you can own outright. I had the possibility 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 simply thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain since the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, much like a cryptocurrency would be. And what this does is it means 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, no one can do it.
They require to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to buy a domain you do not really own it. You’re renting 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 secrets to every single.com domain. And that means they have the power to take a domain name at any offered time. Now, this is technically incredibly unusual, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer registry similar to like a Verisign. Since when we’ve sold you a domain there’s nothing that we can do, the power structure is very different. If it’s a.com domain you’re trusting the computer registry not to change prices or take the domain far from you in the future. Our domain names are one-time fees, so you never need to stress over it. As soon as you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t upgrade or edit or take the football far from you once you have it. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to build. In terms of us starting, it was a little simpler for us to kind of manage the whole user experience and develop all these unique tools.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of various sellers and resellers and things like that. – Obviously a brand-new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog or company however we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely various domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term appear everywhere just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital item.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be sincere, I still deal with a few of the ideas of cryptocurrency, and I’m not an expert in this space. 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 bottleneck is that web 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 assistance for their domains.