You’re leasing it from the domain computer registry and they have full control over what occurs with your domain name. You may have observed, I said 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 various than a standard domain due to the fact that the domain name is stored by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to acquire a domain name you don’t 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 trusting the computer system registry not to alter costs 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 an absolutely different domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. To be sincere, I still deal with a few of the concepts of cryptocurrency, and I’m not an expert in this space. But today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the web. The biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.