You’re renting it from the domain computer registry and they have complete control over what happens with your domain name. You might have seen, I said conventional domain name since a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a traditional domain since the domain name is stored by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to buy 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 rates from the domain pc registry. If it’s a.com domain you’re trusting the pc registry not to change rates or take the domain away from you in the future.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, implying 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 comprehend all the technical specifics of this brand-new domain name system. To be sincere, I still struggle with some of the ideas of cryptocurrency, and I’m not a professional in this space. 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 internet. The biggest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.