it is totally possible for your domain name to be taken…Namecoin Download… You’re renting it from the domain computer registry and they have complete control over what occurs with your domain name. I have actually spoken about this approved monopoly system before which you can find out more about in my “Domain FAQ” video but you do not own your domain name. It’s actually difficult to own a conventional domain. You might have noticed, I said standard domain name because a company’s working on a brand-new kind of domain that you can own outright. I had the chance 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 simply thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a traditional domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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, 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 purchase a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting 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 implies they have the power to take a domain name at any provided time. Now, this is technically incredibly rare, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a registry similar to like a Verisign. Since as soon as we’ve sold you a domain there’s nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re trusting the computer system registry not to alter rates or take the domain far from you in the future. Our domain names are one-time charges, so you never ever have to fret about it. When you purchase 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 away from you as soon as you have it. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to construct. In terms of us getting going, it was a little much easier for us to type of manage the whole user experience and develop all these special tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, implying you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still have problem with some of the concepts of cryptocurrency, and I’m not an expert in this space. However today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the internet. The greatest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.