it is completely possible for your domain to be taken…Namecoin What… You’re leasing it from the domain computer system registry and they have complete control over what happens with your domain. I’ve talked about this approved monopoly system prior to which you can discover more about in my “Domain FAQ” video but you don’t own your domain name. It’s actually difficult to own a standard domain name. You might have seen, I stated conventional domain due to the fact that a company’s working on a new kind of domain that you can own outright. I had the opportunity 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 believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain due to the fact that the domain is kept by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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, no one can do it.
They need to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to take a domain at any offered time. Now, this is technically incredibly uncommon, however it is possible. And it brings up an increasing 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. The power structure is very various because when we’ve sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re trusting the windows registry not to change prices or take the domain away from you in the future.. Our domain names are one-time charges, so you never need to stress over it. When you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t edit or upgrade or take the football away from you when you have it. In the standard world, there’s a great deal of these resellers. Therefore 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 example, and you can buy them. Yeah, I believe that’s something that’s going to develop. In regards to us getting going, it was a little easier for us to sort of manage the entire user experience and develop all these unique tools.
If you were to like, you know imagine what things are going to be like in five to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Obviously a new kind of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog site or business but we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a completely various domain name 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 pop up all over recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent an unique digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be honest, I still deal with some of the ideas of cryptocurrency, and I’m not a specialist 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 internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.