it is entirely possible for your domain name to be seized…Namecoin Stock Price Today… You’re renting it from the domain computer registry and they have full control over what happens with your domain. I’ve spoken about this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video but you do not own your domain. It’s really impossible to own a traditional domain. You may have seen, I said standard domain since a company’s working on a brand-new type of domain name that you can own outright. I had the opportunity 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 simply thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a conventional domain because the domain name is kept by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, similar to a cryptocurrency would be. And what this does is it suggests 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 secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to acquire a domain you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to take a domain at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it raises a rising issue with our web, control. Brad calls this the power structure of a domain system. – We’re a pc registry comparable to like a Verisign. Due to the fact that as soon as we’ve sold you a domain there’s nothing that we can do, the power structure is very different. If it’s a.com domain you’re relying on the computer registry not to alter prices or take the domain far from you in the future. Our domain names are one-time fees, so you never ever need to stress over it. Once you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t modify or upgrade or take the football away from you. In the standard 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. But 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 think that’s something that’s going to construct. In regards to us getting started, it was a little easier for us to sort of manage the entire user experience and build all these unique tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various domain name system, suggesting you can’t type craylor.crypto into your internet 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 new domain name system. To be honest, I still struggle with some of the principles 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 browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.