You’re renting it from the domain computer registry and they have full control over what takes place with your domain name. You might have discovered, I said standard domain name due to the fact that a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain because the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to seize a domain at any offered time. Now, this is technically incredibly uncommon, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a windows registry comparable to like a Verisign. Because when we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is very various. If it’s a.com domain you’re relying on the pc registry not to alter prices or take the domain far from you in the future. Our domain are one-time costs, so you never ever have to fret about it. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t upgrade or modify or take the football away from you when you have it. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to build. In terms of us getting started, it was a little easier for us to kind of manage the entire user experience and construct all these special tools.
– Of course a brand-new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely different domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.