it is completely possible for your domain name to be seized…The Device Name And Domain Are Used In The Crypto Key When It Is Generated… You’re renting it from the domain windows registry and they have full control over what occurs with your domain name. I have actually discussed this sanctioned 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 really difficult to own a standard domain name. You might have observed, I stated standard domain because a business’s working on a new type of domain that you can own outright. I had the chance to interview 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 just thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a standard domain because the domain is stored by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
– Right now, when you go to buy a domain name you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain pc registry. If it’s a.com domain you’re relying on the pc registry not to alter prices or take the domain away from you in the future.
– 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 various 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 claiming to comprehend all the technical specifics of this new domain system. To be sincere, I still battle with a few of the concepts 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 implies for the future of the web. The greatest bottleneck is that web 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.