it is entirely possible for your domain to be seized…Namecoin Connecting To Peers… You’re renting it from the domain computer registry and they have full control over what happens with your domain name. I’ve discussed this approved monopoly system before which you can find out more about in my “Domain frequently asked question” video however you do not own your domain. It’s actually difficult to own a conventional domain name. You may have seen, I stated conventional domain name due to the fact that a company’s working on a new kind of domain name that you can own outright. I had the possibility 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 actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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, 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. – Today, 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 leasing it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to seize a domain at any offered time. Now, this is technically incredibly unusual, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a pc registry comparable to like a Verisign. The power structure is extremely different due to the fact that once we have actually offered you a domain there’s nothing that we can do. , if it’s a.com domain you’re trusting the windows registry not to change prices or take the domain away from you in the future.. Our domain are one-time charges, so you never ever have to fret about it. As soon as you buy a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t edit or update or take the football far from you as soon as you have it. In the standard world, there’s a lot of these resellers. And so 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 buy them. Yeah, I believe that’s something that’s going to build. In regards to us getting going, it was a little much easier for us to kind of manage the entire user experience and develop all these unique tools.
– Of course a brand-new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend 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.