it is totally possible for your domain name to be taken…Nft Domains For Sale… You’re renting it from the domain registry and they have full control over what happens with your domain name. I’ve discussed this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you do not own your domain. It’s actually impossible to own a standard domain name. You may have discovered, I stated standard domain name because 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 just thought this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a conventional domain because the domain is kept by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it means 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, nobody can do it.
They need to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to buy a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to take a domain name at any offered time. Now, this is technically incredibly unusual, but it is possible. And it raises an increasing problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a pc registry similar to like a Verisign. The power structure is really different since as soon as we’ve sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the registry not to change rates or take the domain away from you in the future.. Our domain names are one-time costs, so you never have to fret about it. When you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. As soon as you have it, we can’t modify or upgrade or take the football away from you. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. But 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 build. In terms of us beginning, it was a little easier for us to sort of manage the whole user experience and develop all these unique tools.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Naturally a brand-new type of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or business but we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely various domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term appear all over just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.