it is totally possible for your domain to be taken…Public Domain Blockchain Wallet Logo No Background… You’re renting it from the domain registry and they have full control over what occurs with your domain. I’ve spoken about this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video but you do not own your domain name. It’s in fact impossible to own a standard domain name. You might have observed, I stated traditional domain name due to the fact that a company’s dealing with 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 simply thought this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain because the domain is kept 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 implies 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, nobody can do it.
They require to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to seize a domain at any provided time. Now, this is technically incredibly rare, however it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a pc registry similar to like a Verisign. Because as soon as we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is very different. If it’s a.com domain you’re relying on the pc registry not to change prices or take the domain away from you in the future. Our domain are one-time charges, so you never need 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. Once you have it, we can’t upgrade or modify or take the football away from you. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly selling 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. Yeah, I believe that’s something that’s going to construct. In terms of us beginning, it was a little simpler for us to sort of manage the whole user experience and build all these special tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain name system, implying 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 new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.