You’re leasing it from the domain pc registry and they have complete control over what happens with your domain name. You may have seen, I stated traditional domain name because a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is different than a conventional domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to take a domain name at any provided time. Now, this is technically exceptionally unusual, however it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a pc registry comparable to like a Verisign. Since as soon as we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is really different. If it’s a.com domain you’re relying on the computer registry not to alter rates or take the domain away from you in the future. Our domain are one-time charges, so you never need to fret about it. When you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t upgrade or modify or take the football far from you as soon as you have it. In the traditional 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 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 construct. In terms of us getting started, it was a little much easier for us to kind of manage the whole user experience and develop 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 lovers. It’s a completely various domain name system, indicating you can’t type craylor.crypto into your internet 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 solution for this, thanks to Cloudflare including support for their domains.