You’re renting it from the domain registry and they have full control over what happens with your domain name. You may have observed, I stated conventional domain name because a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain because the domain name is stored by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to acquire a domain you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to seize a domain name at any provided time. Now, this is technically extremely unusual, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. The power structure is very different due to the fact that when we have actually sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the pc registry not to change prices or take the domain away from you in the future.. Our domain are one-time charges, so you never ever need to stress over it. As soon as you purchase a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t edit or upgrade or take the football away from you once you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to develop. In regards to us beginning, it was a little much easier for us to sort of handle the entire user experience and build all these special tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, suggesting 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 declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.