it is totally possible for your domain to be taken…Unstoppable Domains Fees… You’re leasing it from the domain registry and they have full control over what happens with your domain name. I have actually spoken about this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you don’t own your domain name. It’s really difficult to own a conventional domain name. You may have observed, I said conventional domain due to the fact that a business’s dealing with a new kind of domain that you can own outright. I had the chance to talk to 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 simply thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain since the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, just like a cryptocurrency would be. And what this does is it implies 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.
– Right now, when you go to buy a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system registry. If it’s a.com domain you’re relying on the windows registry not to change rates or take the domain away from you in the future.
But if you were to like, you know imagine what things are going to be like in five to 10 years. Yeah, there ought to be lots of different sellers and resellers and things like that. – Of course a brand-new type of domain means that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or organization however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a totally various domain name system, suggesting 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 pop up all over recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be sincere, I still deal with a few of the concepts of cryptocurrency, and I’m not a professional in this area. However 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 internet. The biggest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.