You’re leasing it from the domain windows registry and they have complete control over what takes place with your domain name. You may have discovered, I said traditional domain name because a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain since the domain name is saved by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to purchase a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. If it’s a.com domain you’re trusting the windows registry not to change costs or take the domain away from you in the future.
– Of course a brand-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, suggesting you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this new domain system. To be sincere, I still struggle with some of the ideas of cryptocurrency, and I’m not a professional in this area. But 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 internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.