it is totally possible for your domain to be taken…Namecoin Core… You’re leasing it from the domain pc 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 don’t own your domain name. It’s really impossible to own a standard domain name. You may have seen, I said traditional domain name due to the fact that a business’s dealing with a brand-new kind of domain 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 simply believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain because the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s kept 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 away 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 secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to purchase 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 rates from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to take a domain name at any offered time. Now, this is technically very uncommon, however it is possible. And it raises an increasing issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a pc registry similar to like a Verisign. The class structure is really various because as soon as we’ve offered you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on the computer registry not to alter rates or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever have to fret about it. Once you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t edit or update or take the football away from you. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. 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 starting, it was a little easier for us to type of handle the whole user experience and build all these special tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different 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 declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.