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You’re leasing it from the domain computer registry and they have complete control over what happens with your domain name. You may have seen, I said traditional domain name due to the fact that 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 saved by you, the user inside of your cryptocurrency wallet.

– Right now, when you go to acquire a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. If it’s a.com domain you’re trusting the computer system registry not to alter 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 resemble in five to ten years. Yeah, there should be lots of different sellers and resellers and things like that. – Obviously a brand-new type of domain name means that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or organization however we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term turn up all over recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special 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 honest, I still battle with some of the ideas of cryptocurrency, and I’m not an expert in this area. However today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the internet. The most significant traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.