You’re renting it from the domain computer system registry and they have full control over what happens with your domain name. You may have noticed, I stated conventional domain name because a company’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 due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to purchase a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain registry. If it’s a.com domain you’re trusting the computer system registry not to change rates 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 enthusiasts. It’s a completely different domain name system, implying 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 comprehend all the technical specifics of this brand-new domain name system. To be sincere, I still have problem with a few of the principles of cryptocurrency, and I’m not an expert in this area. However today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the internet. The biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.