You’re leasing it from the domain windows registry and they have full control over what happens with your domain name. You may have noticed, I said conventional domain name due to the fact that a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is different than a standard domain since the domain name is stored by you, the user inside of your cryptocurrency wallet.
They need to go and get your private secret, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you do not in fact own it. You’re leasing 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 seize a domain name at any offered time. Now, this is technically incredibly rare, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a registry comparable to like a Verisign. Since as soon as we’ve offered you a domain there’s nothing that we can do, the power structure is very different. , if it’s a.com domain you’re relying on the registry not to change prices or take the domain away from you in the future.. Our domain are one-time costs, so you never ever need to worry about it. Once you purchase 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 away from you when you have it. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to build. In terms of us getting started, it was a little easier for us to kind of manage the entire user experience and construct all these unique tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain system. To be sincere, I still deal with a few of the principles of cryptocurrency, and I’m not a specialist in this area. 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 web. The greatest traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.