it is totally possible for your domain name to be taken…Unstoppable Domains Browser Extension… You’re renting it from the domain windows registry and they have full control over what happens with your domain name. I have actually talked about this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video however you do not own your domain. It’s really impossible to own a traditional domain name. You might have noticed, I said conventional domain because a business’s dealing with a new type of domain name that you can own outright. I had the possibility to speak with 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 thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a conventional domain due to the fact that the domain is kept by you, the user within your cryptocurrency wallet. So it’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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.
– Right now, when you go to purchase a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain windows registry. If it’s a.com domain you’re relying on the computer system registry not to change 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 a completely different domain name system, implying you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this new domain system. To be truthful, I still fight with some of the principles of cryptocurrency, and I’m not an expert in this area. However today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the web. The most significant traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.