it is completely possible for your domain name to be taken…Namecoin Trading 2010… You’re renting it from the domain computer registry and they have full control over what occurs with your domain name. I’ve discussed this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video but you do not own your domain name. It’s actually difficult to own a traditional domain name. You may have seen, I said traditional domain since a business’s dealing with a new kind of domain that you can own outright. I had the possibility to talk to 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 truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain since the domain is saved by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
– Right now, when you go to buy a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain pc registry. If it’s a.com domain you’re relying on the windows registry not to change rates or take the domain away from you in the future.
But if you were to like, you know picture what things are going to be like in five to ten years. Yeah, there must be lots of various sellers and resellers and things like that. – Of course a new kind of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or business but we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s a completely different domain system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term appear all over just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital item.
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 truthful, I still fight with some of the concepts of cryptocurrency, and I’m not a professional in this area. 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 internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.