it is entirely possible for your domain to be seized…Unstoppable Domains Future… You’re renting it from the domain registry and they have full control over what occurs with your domain. I’ve spoken about this sanctioned monopoly system before which you can learn more about in my “Domain FAQ” video however you don’t own your domain name. It’s in fact difficult to own a conventional domain. You may have noticed, I stated conventional domain name due to the fact that a company’s dealing with a new kind of domain name 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 just believed this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain due to the fact that the domain name is stored by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it means 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, no one can do it.
– Right now, when you go to purchase a domain name you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. If it’s a.com domain you’re relying on the registry not to alter costs or take the domain away from you in the future.
But if you were to like, you understand picture what things are going to resemble in 5 to 10 years. Yeah, there should be lots of various sellers and resellers and things like that. – Naturally a new type of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog site or organization but we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely different domain system, meaning 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 most likely seen this term turn up everywhere recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent an unique digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain system. To be truthful, I still deal with a few of the concepts of cryptocurrency, and I’m not an expert in this space. However 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 biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.