You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain name. You might have noticed, I said standard domain name due to the fact that a company’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 various than a conventional domain since the domain name is kept by you, the user inside of your cryptocurrency wallet.
They require 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 in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that indicates they have the power to seize a domain at any given time. Now, this is technically incredibly unusual, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer system registry similar to like a Verisign. The power structure is very different since once 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 costs 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 absolutely nothing we can do. We can’t update or modify or take the football away from you as soon as you have it. In the standard 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 today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to build. In regards to us beginning, it was a little simpler for us to type of handle the whole user experience and build all these unique tools.
However if you were to like, you know picture what things are going to resemble in 5 to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Naturally a new kind of domain name implies that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit 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 enthusiasts. It’s a completely various domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term pop up all over recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be sincere, I still have problem with a few of the concepts of cryptocurrency, and I’m not an expert in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the web. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.