it is completely possible for your domain name to be taken…Namecoin Wallet Download… You’re leasing it from the domain pc registry and they have full control over what happens with your domain name. I have actually talked about this sanctioned monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you do not own your domain. It’s in fact difficult to own a traditional domain. You might have seen, I said standard domain due to the fact that a company’s working on a new kind of domain name that you can own outright. I had the chance 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 thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain because the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s kept within your wallet, similar to a cryptocurrency would be. And what this does is it implies that nobody 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.
They require to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to buy a domain name you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to take a domain name at any offered time. Now, this is technically exceptionally unusual, but it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a computer system registry comparable to like a Verisign. The class structure is really various since as soon as we’ve offered you a domain there’s nothing that we can do. If it’s a.com domain you’re relying on the windows registry not to alter rates or take the domain away from you in the future. Our domain are one-time costs, so you never ever need to fret about it. As soon as you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t modify or update or take the football away from you once you have it. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to build. In regards to us beginning, it was a little simpler for us to type of handle the entire user experience and develop all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, meaning 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 new domain name system. To be sincere, I still struggle with a few of the principles of cryptocurrency, and I’m not a professional in this space. However 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 biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.