You’re renting it from the domain computer system registry and they have full control over what occurs with your domain name. You may have seen, I stated conventional domain name due to the fact that a company’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 since the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to seize a domain at any provided time. Now, this is technically very unusual, but it is possible. And it raises a rising issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry similar to like a Verisign. Since as soon as we’ve offered you a domain there’s nothing that we can do, the power structure is very different. , if it’s a.com domain you’re trusting the registry not to alter costs or take the domain away from you in the future.. Our domain are one-time fees, so you never need to worry about it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. Once you have it, we can’t upgrade or edit or take the football away from you. In the standard world, there’s a lot 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. There are a couple of others that you can purchase 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 going, it was a little easier for us to kind of handle the whole user experience and build all these special tools.
However if you were to like, you know envision what things are going to be like in 5 to ten years. Yeah, there must be lots of different sellers and resellers and things like that. – Obviously a new type of domain indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or service but we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain system, meaning you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term turn up all over recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain system. To be honest, I still deal with a few of the concepts of cryptocurrency, and I’m not an expert in this space. But today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the web. 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 adding support for their domains.