You’re leasing it from the domain windows registry and they have complete control over what takes place with your domain name. You might have seen, I stated traditional domain name since a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain because the domain name is stored by you, the user inside of your cryptocurrency wallet.
They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy a domain 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 computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to take a domain at any offered time. Now, this is technically exceptionally unusual, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a registry comparable to like a Verisign. Since when we have actually offered you a domain there’s nothing that we can do, the power structure is really different. , if it’s a.com domain you’re trusting the computer registry not to alter costs or take the domain away from you in the future.. Our domain are one-time charges, so you never need to fret about it. When you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t update or edit or take the football away from you as soon as you have it. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little easier for us to kind of manage the entire user experience and develop all these special 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 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 declaring to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.