it is totally possible for your domain name to be seized…Namecoin Blockstack Ens… You’re renting it from the domain windows registry and they have complete control over what happens with your domain. I have actually discussed this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video however you don’t own your domain. It’s actually impossible to own a traditional domain. You may have seen, I stated conventional domain because a business’s dealing with 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 simply thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, much like a cryptocurrency would be. And what this does is it suggests 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 need to go and get your private key, which is on your device, like your phone or your computer or whatever. – Right now, 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 leasing it at wholesale rates from the domain computer system 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 name at any offered time. Now, this is technically incredibly unusual, but it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a windows registry similar to like a Verisign. Since when we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is extremely various. , if it’s a.com domain you’re relying on the windows registry not to alter costs or take the domain away from you in the future.. Our domain are one-time costs, so you never ever have to fret about it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. As soon as you have it, we can’t update or edit or take the football away from you. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. However there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to build. In regards to us starting, it was a little much easier for us to kind of manage the entire user experience and construct all these unique tools.
If you were to like, you know picture what things are going to be like in five to 10 years. Yeah, there need to be lots of different sellers and resellers and things like that. – Of course a new type of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or service but we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a completely various domain system, implying you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term appear everywhere recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be truthful, I still struggle with a few of the ideas of cryptocurrency, and I’m not a professional in this area. However today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.