it is totally possible for your domain name to be taken…Namecoin Github… You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain name. I have actually talked about this approved monopoly system before which you can learn more about in my “Domain FAQ” video however you don’t own your domain name. It’s actually impossible to own a standard domain name. You might have seen, I said standard domain since a business’s dealing with a new kind of domain name that you can own outright. I had the opportunity to speak with 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, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a traditional domain due to the fact that the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s stored within 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 personal secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to acquire a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to seize a domain name at any given time. Now, this is technically exceptionally unusual, but it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer registry similar to like a Verisign. Due to the fact that once we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is very different. If it’s a.com domain you’re trusting the computer registry not to change prices or take the domain away from you in the future. Our domain names are one-time charges, so you never have to fret about it. When you buy a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t modify or update or take the football away from you once you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to construct. In terms of us beginning, it was a little simpler for us to sort of handle the whole user experience and build all these special tools.
However if you were to like, you understand picture what things are going to be like in 5 to ten years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Naturally a brand-new kind of domain suggests 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 think of as being an ideal suitable for your blog or organization however 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, implying you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term appear everywhere just recently. Non-fungible tokens are units of data 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 comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.