it is totally possible for your domain to be taken…Nft Web Domain… You’re leasing it from the domain computer registry and they have full control over what occurs with your domain name. I’ve spoken about this sanctioned monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s actually impossible to own a standard domain. You might have observed, I stated conventional domain name since a company’s working on a brand-new type 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 just thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain since the domain is kept by you, the user inside of your cryptocurrency wallet. It’s saved 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 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 private key, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy a domain you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to take a domain name at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it raises a rising problem with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer registry similar to like a Verisign. The power structure is extremely different because as soon as we have actually sold you a domain there’s nothing that we can do. If it’s a.com domain you’re trusting the computer registry not to change prices or take the domain far from you in the future. Our domain names are one-time fees, so you never ever need to fret about it. When you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t modify 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. And so GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. But there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I think that’s something that’s going to construct. In regards to us beginning, it was a little much easier for us to kind of handle the entire user experience and develop all these unique tools.
– Of course a 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 various domain name system, suggesting 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 comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.