it is totally possible for your domain name to be taken…Namecoin Reddit… You’re leasing it from the domain registry and they have complete control over what happens with your domain name. I have actually talked about this approved monopoly system before which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain. It’s in fact impossible to own a traditional domain. You may have observed, I stated standard domain name because a company’s working on a new kind of domain that you can own outright. I had the opportunity 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 just thought this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a conventional domain since the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, much like a cryptocurrency would be. And what this does is it indicates 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, nobody can do it.
They require to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to seize a domain name at any given time. Now, this is technically very uncommon, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer registry comparable to like a Verisign. The class structure is really different because once we’ve sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the registry not to change prices or take the domain away from you in the future.. Our domain names are one-time fees, so you never need to worry about it. Once 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 update or modify or take the football away from you once 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 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 instance, and you can buy them. So, 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 sort of handle the entire user experience and develop 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 various domain name system, suggesting you can’t type craylor.crypto into your web 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. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.