it is totally possible for your domain name to be seized…Potcoin Tshirt Namecoin Tshirt… You’re renting it from the domain computer system registry and they have complete control over what occurs with your domain. I’ve spoken about this sanctioned monopoly system before which you can discover more about in my “Domain frequently asked question” video but you do not own your domain name. It’s in fact impossible to own a conventional domain name. You may have noticed, I said conventional domain name due to the fact that a business’s working on a brand-new kind of domain that you can own outright. I had the chance 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 constructs domain on blockchains and this is different than a conventional domain because the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s kept inside of your wallet, much like a cryptocurrency would be. And what this does is it suggests that nobody 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.
– Right now, when you go to purchase a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain windows registry. If it’s a.com domain you’re trusting the windows registry not to alter costs or take the domain away from you in the future.
– Of course a new type of domain name implies 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. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be sincere, I still fight with a few of the concepts of cryptocurrency, and I’m not a professional in this space. 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 biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.