You’re renting it from the domain computer system registry and they have full control over what takes place with your domain name. You might have noticed, I stated traditional 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 various than a standard domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to acquire 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 registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that suggests they have the power to take a domain name at any given time. Now, this is technically incredibly rare, but it is possible. And it raises a rising problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry similar to like a Verisign. The class structure is extremely different since as soon as we have actually offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the computer registry not to change costs or take the domain away from you in the future.. Our domain are one-time fees, so you never ever have to stress over it. As soon as you purchase 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 update or modify or take the football away from you. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In terms of us beginning, it was a little much easier for us to type of handle the entire user experience and build all these unique tools.
However if you were to like, you know imagine what things are going to resemble in 5 to ten years. Yeah, there should be lots of various sellers and resellers and things like that. – Naturally a new type of domain means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog site or business but we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s an absolutely various domain name system, suggesting you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term appear all over recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a special digital item.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.