it is entirely possible for your domain name to be taken….Nft Domain Website… You’re leasing it from the domain computer registry and they have complete control over what happens with your domain name. I have actually discussed this approved monopoly system before 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 traditional domain name. You might have observed, I said standard domain name due to the fact that a company’s working on a brand-new type of domain that you can own outright. I had the possibility 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 thought this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a traditional domain since the domain is kept by you, the user within your cryptocurrency wallet. It’s kept inside of 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 away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They require 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 acquire a domain you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to take a domain at any given time. Now, this is technically incredibly rare, but it is possible. And it raises an increasing issue with our web, control. Brad calls this the class structure of a domain system. – We’re a computer registry similar to like a Verisign. The class structure is extremely various due to the fact that once we have actually 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 prices or take the domain away from you in the future.. Our domain are one-time fees, so you never have to worry about it. When you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t update or modify or take the football away from you when you have it. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to develop. In regards to us getting going, it was a little simpler for us to type of manage the entire user experience and develop all these special 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, indicating 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 declaring to understand all the technical specifics of this brand-new domain system. To be sincere, I still battle with a few of the concepts of cryptocurrency, and I’m not an expert in this area. 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 internet. The most significant bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.