You’re renting it from the domain pc registry and they have complete control over what happens with your domain name. You might have discovered, I stated standard domain name because a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain since the domain name is stored by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to acquire a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain registry. If it’s a.com domain you’re relying on the registry not to change rates or take the domain away from you in the future.
However if you were to like, you understand imagine what things are going to be like in five to ten years. Yeah, there need to be lots of different sellers and resellers and things like that. – Obviously a brand-new kind of domain name indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog site or organization however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain name system, indicating you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term pop up everywhere just recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a special digital product.
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 have problem with some of the concepts of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the web. The biggest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.