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You’re renting it from the domain computer registry and they have complete control over what occurs with your domain name. You might have seen, I said standard domain name since a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is different than a standard domain since the domain name is saved by you, the user inside of your cryptocurrency wallet.

They require to go and get your private secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to acquire a domain you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to seize a domain at any given time. Now, this is technically very unusual, however it is possible. And it raises an increasing issue with our web, control. Brad calls this the power structure of a domain system. – We’re a registry similar to like a Verisign. Due to the fact that as soon as we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is very various. , if it’s a.com domain you’re relying on the computer system registry not to change prices or take the domain away from you in the future.. Our domain are one-time costs, so you never need to stress over it. When you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t upgrade or modify or take the football far from you when you have it. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase 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 getting started, it was a little easier for us to type of manage the whole user experience and develop all these special tools.

But if you were to like, you understand 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 new kind 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 think of as being a perfect suitable for your blog or company but we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s a completely different domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term appear everywhere 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 comprehend all the technical specifics of this new domain system. To be sincere, I still battle with a few of the ideas of cryptocurrency, and I’m not an expert 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 web. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.