You’re renting it from the domain computer system registry and they have full control over what takes place with your domain name. You might have discovered, I said traditional domain name because a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain because the domain name is kept by you, the user inside of your cryptocurrency wallet.

They need to go and get your private key, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to take a domain name at any given time. Now, this is technically very unusual, but it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a windows registry comparable to like a Verisign. The class structure is extremely different since as soon as we’ve offered 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 rates or take the domain far from you in the future. Our domain are one-time costs, so you never have to worry about it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football away from you once you have it. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to develop. In terms of us starting, it was a little much easier for us to type of handle the whole user experience and construct all these special tools.

However if you were to like, you understand imagine what things are going to be like in five to 10 years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Obviously a brand-new kind of domain implies that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog or service however we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s a totally different domain system, suggesting 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 appear all over just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a special digital item.

In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. To be sincere, I still struggle with some of the concepts of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the internet. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.

it is totally possible for your domain name to be seized…”Namecoin” Stats… You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain. I’ve spoken about this sanctioned monopoly system before which you can find out more about in my “Domain FAQ” video but you don’t own your domain. It’s in fact difficult to own a conventional domain. You may have observed, I stated standard domain because a business’s dealing with a new kind of domain name that you can own outright. I had the possibility to speak with 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 actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain due to the fact that the domain name is stored by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests that nobody 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.

– Right now, when you go to purchase a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain registry. If it’s a.com domain you’re relying on the registry not to change rates or take the domain away from you in the future.

However if you were to like, you know envision what things are going to resemble in five to 10 years. Yeah, there should be lots of various sellers and resellers and things like that. – Obviously a new type of domain suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog site or service however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a completely different domain name system, indicating you can’t type craylor.crypto into your 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 just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a special digital item.

In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be honest, I still fight with some of the concepts of cryptocurrency, and I’m not a professional 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 bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.