it is entirely possible for your domain name to be taken…Namecoin Released… You’re renting it from the domain computer system registry and they have complete control over what happens with your domain. I have actually discussed this sanctioned monopoly system before which you can learn more about in my “Domain FAQ” video however you don’t own your domain. It’s really impossible to own a standard domain name. You might have discovered, I stated traditional domain because a business’s dealing with a new type of domain name that you can own outright. I had the possibility 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 believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a standard domain due to the fact that the domain name is kept by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it far 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 gadget, like your phone or your computer system or whatever. – Right now, when you go to acquire a domain name you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system 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 extremely unusual, but it is possible. And it brings up an increasing problem with our web, control. Brad calls this the power structure of a domain system. – We’re a computer registry similar to like a Verisign. Because as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re trusting the computer system registry not to change rates or take the domain far from you in the future. Our domain are one-time charges, so you never ever need to stress over it. When you purchase a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. When you have it, we can’t modify or update or take the football away from you. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. However there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to construct. In regards to us getting going, it was a little simpler for us to type of manage the entire user experience and develop all these unique tools.
If you were to like, you understand envision what things are going to be like in five to 10 years. Yeah, there must be lots of different sellers and resellers and things like that. – Naturally a new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or company but we might see some generic TLDs being used in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely different domain name system, meaning 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 turn up everywhere recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a distinct 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 adding support for their domains.