it is completely possible for your domain to be seized…Namecoin All Time High Price… You’re leasing it from the domain pc registry and they have full control over what happens with your domain name. I have actually talked about this sanctioned monopoly system before which you can discover more about in my “Domain frequently asked question” video but you do not own your domain. It’s really difficult to own a traditional domain. You might have noticed, I said traditional domain since a company’s working on a new type of domain that you can own outright. I had the opportunity 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, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s kept 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, nobody can do it.
They require to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to buy a domain name you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to seize a domain at any provided time. Now, this is technically incredibly uncommon, but it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a registry comparable to like a Verisign. Due to the fact that as soon as we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is very different. If it’s a.com domain you’re relying on the windows registry not to alter costs or take the domain far from you in the future. Our domain are one-time fees, so you never need to worry about it. As soon as you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t edit or upgrade or take the football away from you. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. But there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I believe that’s something that’s going to construct. In regards to us beginning, it was a little simpler for us to sort of manage the whole user experience and build all these unique tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, indicating 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 claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.