it is entirely possible for your domain name to be taken…Unstoppable Domains Faq… You’re renting it from the domain pc registry and they have full control over what occurs with your domain name. I’ve discussed this sanctioned monopoly system prior to which you can learn more about in my “Domain FAQ” video however you do not own your domain. It’s in fact difficult to own a standard domain name. You may have seen, I said traditional domain due to the fact that a business’s working on a new type of domain name that you can own outright. I had the possibility to interview 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, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain because the domain name is saved by you, the user within your cryptocurrency wallet. So it’s stored inside of your wallet, similar to a cryptocurrency would be. And what this does is it indicates 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, nobody can do it.
They require to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to purchase a domain you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to seize a domain name at any provided time. Now, this is technically incredibly unusual, but it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer registry comparable to like a Verisign. Because once we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re trusting the computer system registry not to change rates or take the domain away from you in the future.. Our domain names are one-time fees, so you never have to worry about it. When you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t update or edit or take the football away from you. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to construct. In regards to us getting going, it was a little much easier for us to sort of manage the entire user experience and develop all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your web 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 name system. To be honest, I still have problem with a few of the ideas 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 implies for the future of the web. The most significant bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.