it is completely possible for your domain to be seized…Namecoin White Paper… You’re leasing it from the domain pc registry and they have full control over what occurs with your domain. I have actually discussed this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s in fact impossible to own a standard domain. You might have seen, I said traditional domain since a company’s working on a brand-new kind of domain name 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 just thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a traditional domain since 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 suggests 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.
They need to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to seize 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 internet, control. Brad calls this the class structure of a domain name system. – We’re a windows registry comparable to like a Verisign. The power structure is extremely various because 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 pc registry not to change rates or take the domain away from you in the future.. Our domain are one-time costs, so you never ever have to stress over it. When you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t edit or update or take the football away from you. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering 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 purchase them. So, yeah, I believe that’s something that’s going to develop. In regards to us getting started, it was a little easier for us to sort of manage the whole user experience and construct all these unique tools.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various domain name system, suggesting 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 understand all the technical specifics of this new domain system. To be truthful, I still fight with a few of the ideas of cryptocurrency, and I’m not an expert in this space. 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 most significant traffic jam is that internet 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 assistance for their domains.