it is completely possible for your domain to be seized…Unstoppable Domains L2… You’re leasing it from the domain computer system registry and they have full control over what occurs with your domain. I’ve talked about this sanctioned monopoly system prior to which you can learn more about in my “Domain FAQ” video but you don’t own your domain. It’s actually difficult to own a conventional domain name. You may have discovered, I said standard domain since a business’s working on a new kind of domain that you can own outright. I had the possibility 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 thought this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a traditional domain because the domain name is saved by you, the user within your cryptocurrency wallet. So it’s kept within your wallet, just like a cryptocurrency would be. And what this does is it suggests that nobody else can move the domain around, take it away 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 acquire a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain registry. If it’s a.com domain you’re relying on the pc registry not to alter rates or take the domain away from you in the future.
If you were to like, you understand imagine what things are going to be like in 5 to 10 years. Yeah, there should be great deals of various sellers and resellers and things like that. – Naturally a brand-new kind of domain name implies that you can’t register.com,. co,. net or any of the basic 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 service but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term appear everywhere recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent an unique digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain system. To be honest, I still deal with a few of the principles of cryptocurrency, and I’m not a specialist in this area. But 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 biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.