it is completely possible for your domain to be taken…Namecoin Cryptocurrency Reddit… You’re leasing it from the domain computer registry and they have complete control over what happens with your domain. I have actually spoken about this approved monopoly system before which you can find out more about in my “Domain FAQ” video however you don’t own your domain. It’s really impossible to own a traditional domain name. You may have observed, I said traditional domain name because a business’s working on a brand-new type of domain name 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 just believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops 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 within your cryptocurrency wallet. So it’s stored within your wallet, much like a cryptocurrency would be. And what this does is it indicates that no one 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.
– Right now, when you go to acquire a domain name you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain pc registry. 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.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there should be great deals of various sellers and resellers and things like that. – Of course a brand-new type of domain means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog or organization but we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain 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 most likely seen this term turn up all over just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain system. To be sincere, I still deal with a few of the principles of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the internet. The biggest traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.