You’re renting it from the domain registry and they have full control over what happens with your domain name. You might have noticed, I stated standard domain name due to the fact that a business’s working on a 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 because the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain name you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing 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. And that implies they have the power to seize a domain name at any offered time. Now, this is technically exceptionally rare, but it is possible. And it raises an increasing problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer system registry comparable to like a Verisign. The power structure is extremely various since as soon as we have actually offered you a domain there’s nothing that we can do. , if it’s a.com domain you’re trusting the pc 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 have to fret about it. As soon as you buy a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t edit or upgrade 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 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 purchase them. So, yeah, I believe that’s something that’s going to build. In regards to us beginning, it was a little easier for us to type of manage the entire user experience and construct all these special tools.
– Of course a brand-new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely different domain name system, indicating you can’t type craylor.crypto into your 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 name system. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.