it is totally possible for your domain name to be seized…Namecoin .Bit… You’re renting it from the domain computer registry and they have full control over what occurs with your domain. I’ve talked about this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video but you do not own your domain name. It’s actually difficult to own a standard domain name. You may have seen, I stated standard domain due to the fact that a company’s working on a new type of domain that you can own outright. I had the chance 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 believed this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a traditional domain because the domain name is stored by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, similar to a cryptocurrency would be. And what this does is it implies 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 purchase a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain registry. If it’s a.com domain you’re trusting the computer system registry not to change prices or take the domain away from you in the future.
But if you were to like, you know imagine what things are going to be like in five to ten years. Yeah, there must be great deals of various sellers and resellers and things like that. – Obviously a new type of domain indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog site or service but we might see some generic TLDs being used in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a completely 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 have actually probably seen this term turn up all over just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a special digital product.
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 adding support for their domains.