it is totally possible for your domain to be taken…Unstoppable Domains Medium… You’re leasing it from the domain computer registry and they have complete control over what occurs with your domain. I have actually discussed this sanctioned monopoly system prior to which you can learn more about in my “Domain FAQ” video but you don’t own your domain name. It’s in fact difficult to own a standard domain name. You may have observed, I stated standard domain because a company’s working on a new kind of domain name that you can own outright. I had the opportunity to interview 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 develops domain on blockchains and this is various than a traditional domain due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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.
They need to go and get your personal secret, which is on your gadget, like your phone or your computer system or whatever. – 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 renting it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to take a domain name at any provided time. Now, this is technically incredibly unusual, but it is possible. And it brings up a rising issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a pc registry similar to like a Verisign. The power structure is extremely different due to the fact that once we have actually sold you a domain there’s absolutely nothing that we can do. 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. Our domain are one-time costs, so you never ever have to fret about it. When you purchase a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t update or edit or take the football away from you when you have it. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to develop. In terms of us getting going, it was a little simpler for us to sort of manage the whole user experience and develop all these special tools.
If you were to like, you know imagine what things are going to be like in five to 10 years. Yeah, there should be great deals of various sellers and resellers and things like that. – Obviously a new type of domain indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider 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 dealing with crypto enthusiasts. It’s an absolutely various domain name system, implying 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 appear all over recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent an unique digital product.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain system. To be sincere, I still deal with a few of the principles of cryptocurrency, and I’m not a professional in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the internet. The greatest traffic jam 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.