it is completely possible for your domain name to be seized…Namecoin Trading… You’re leasing it from the domain computer system registry and they have full control over what happens with your domain name. I’ve discussed this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video however you do not own your domain. It’s in fact impossible to own a standard domain. You might have noticed, I said traditional domain due to the fact that a business’s dealing with a new type of domain 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 truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain because the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s kept within your wallet, just like a cryptocurrency would be. And what this does is it implies 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, no one can do it.

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

– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, meaning you can’t type craylor.crypto into your web 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 brand-new domain system. To be honest, I still have problem with some of the principles of cryptocurrency, and I’m not a professional in this area. But today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the web. The greatest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.

You’re renting it from the domain windows registry and they have complete control over what happens with your domain name. You might have discovered, I stated traditional domain name because 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 need to go and get your private secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to purchase 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 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 offered time. Now, this is technically exceptionally rare, but it is possible. And it brings up a rising problem with our web, control. Brad calls this the class structure of a domain name system. – We’re a windows registry similar to like a Verisign. Because once we’ve sold you a domain there’s nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re relying on the registry not to alter rates or take the domain far from you in the future. Our domain are one-time fees, so you never have to stress over it. As soon as you buy a domain it’s more like purchasing 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 lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling 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 buy them. So, yeah, I think that’s something that’s going to build. In terms of us beginning, it was a little much easier for us to kind of manage the entire user experience and construct all these unique tools.

– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, implying 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 claiming to understand all the technical specifics of this brand-new domain name system. To be honest, I still battle with some of the ideas of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the internet. The greatest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.