You’re renting it from the domain computer system registry and they have complete control over what takes place with your domain name. You might have discovered, I said traditional domain name because 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 because the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require 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 buy 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 rates from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to take a domain at any given time. Now, this is technically exceptionally rare, but it is possible. And it brings up an increasing issue with our web, control. Brad calls this the class structure of a domain system. – We’re a registry comparable to like a Verisign. The class structure is very different since once we have actually sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on the computer registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever need to worry about it. When you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or modify or take the football away from you as soon as you have it. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I think that’s something that’s going to develop. In terms of us starting, it was a little simpler for us to kind of handle the entire user experience and construct all these unique tools.
– 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 totally 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 name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.