it is completely possible for your domain name to be seized…Unstoppable Domains Ipo… You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain. I’ve spoken about this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video however you do not own your domain name. It’s actually difficult to own a conventional domain name. You might have discovered, I stated standard domain since a company’s working on a brand-new kind of domain name that you can own outright. I had the opportunity to speak with 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, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain since the domain is saved by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates 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.
They require to go and get your personal key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to buy a domain name you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that indicates they have the power to take a domain name at any given time. Now, this is technically extremely uncommon, however it is possible. And it raises an increasing problem with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. The power structure is extremely different due to the fact that once we’ve offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the computer system registry not to change prices or take the domain away from you in the future.. Our domain are one-time fees, so you never need to worry about it. Once you purchase a domain name 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 standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to develop. In regards to us getting started, it was a little simpler for us to sort of handle the entire user experience and build all these special tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, indicating you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain system. To be sincere, I still have problem with some of the concepts of cryptocurrency, and I’m not an expert in this area. But today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.