it is entirely possible for your domain name to be seized…Unstoppable Domains And Ledger… You’re renting it from the domain computer system registry and they have complete control over what happens with your domain name. I have actually discussed this approved monopoly system prior to which you can find out more about in my “Domain FAQ” video but you don’t own your domain name. It’s in fact impossible to own a standard domain. You might have discovered, I stated traditional domain name since a business’s working on a new type of domain name 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 simply believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain since the domain is saved by you, the user within your cryptocurrency wallet. So it’s stored within your wallet, similar to a cryptocurrency would be. And what this does is it suggests 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, nobody can do it.
– Right now, when you go to purchase a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows registry. If it’s a.com domain you’re relying on the computer system registry not to alter rates or take the domain away from you in the future.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally 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 declaring to understand all the technical specifics of this new domain system. To be honest, I still fight with some of the ideas of cryptocurrency, and I’m not an expert in this area. 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 greatest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.