it is completely possible for your domain name to be seized…Namecoin Ethereum… You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain. I have actually spoken about this sanctioned 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 difficult to own a conventional domain name. You might have noticed, I said traditional 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 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 believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a traditional domain since the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it implies 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, no one 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 you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to take a domain at any offered time. Now, this is technically very rare, however it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a windows registry similar to like a Verisign. Due to the fact that when we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is really different. , if it’s a.com domain you’re trusting the pc registry not to alter prices or take the domain away from you in the future.. Our domain are one-time fees, so you never ever need to stress over it. Once you buy a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t upgrade or modify or take the football far from you as soon as 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 primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to build. In regards to us starting, it was a little much easier for us to sort of handle the entire user experience and construct all these special tools.
But if you were to like, you know picture what things are going to be like in five to ten years. Yeah, there must be great deals of different sellers and resellers and things like that. – Naturally a new kind of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or organization but we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally different domain system, indicating you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term pop up everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. To be sincere, I still battle with a few of the principles of cryptocurrency, and I’m not a specialist in this space. But today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the web. The most significant bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.