it is completely possible for your domain to be seized…The Traders Domain Crypto… You’re renting it from the domain computer system registry and they have complete control over what happens with your domain. I’ve discussed this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video however you don’t own your domain name. It’s really difficult to own a conventional domain. You might have noticed, I stated traditional domain name since a company’s working on a new type of domain that you can own outright. I had the opportunity 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 believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain since the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, just like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your personal secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to buy a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to seize a domain at any offered time. Now, this is technically incredibly unusual, but it is possible. And it brings up a rising issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a pc registry similar to like a Verisign. The class structure is very different due to the fact that as soon as we have actually sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the pc registry not to change rates or take the domain away from you in the future.. Our domain are one-time fees, so you never ever have to fret about it. Once you buy a domain it’s more like buying a football from us. Like there’s nothing we can do. As soon as you have it, we can’t update or edit 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 offering our own domains at unstoppabledomains.com today. But there are a number 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 build. In regards to us starting, it was a little easier for us to sort of handle the entire user experience and build all these unique tools.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, indicating 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 claiming to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.