it is completely possible for your domain to be seized…Unstoppable Domains Dao… You’re leasing it from the domain registry and they have complete control over what happens with your domain. I’ve talked about this approved 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 actually impossible to own a standard domain. You might have noticed, I said conventional domain name because a business’s working on a new type of domain 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 believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain since the domain is saved by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They require to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Today, 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 prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to seize a domain at any provided time. Now, this is technically exceptionally unusual, but it is possible. And it brings up a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer system registry similar to like a Verisign. The power structure is extremely various since once we’ve sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the windows registry not to change costs or take the domain away from you in the future.. Our domain are one-time costs, so you never ever have to fret about it. Once you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t modify or update or take the football far from you once you have it. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In regards to us getting started, it was a little simpler for us to kind of handle the whole user experience and build all these unique tools.
However if you were to like, you understand envision what things are going to resemble in five to ten years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Naturally a new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or business but we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term turn up everywhere just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent an unique digital product.
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this new domain system. To be honest, I still battle with a few of the concepts of cryptocurrency, and I’m not a specialist in this space. 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 internet. The most significant traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.