it is completely possible for your domain name to be seized…Namecoin Wallet Git… You’re renting it from the domain registry and they have full control over what occurs with your domain. I have actually spoken about 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 impossible to own a standard domain name. You may have noticed, I said standard domain name because a business’s dealing with a brand-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 simply believed this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain because the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, just like a cryptocurrency would be. And what this does is it suggests 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.
– Right now, when you go to purchase a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain windows registry. If it’s a.com domain you’re trusting the computer system registry not to change rates 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 enthusiasts. It’s an absolutely different domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this new domain name system. To be sincere, I still have problem with some of the ideas 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 implies for the future of the web. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.