You’re renting it from the domain computer registry and they have full control over what happens with your domain name. You might have seen, I said conventional 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 develops domain names on blockchains and this is different than a standard domain because the domain name is kept by you, the user inside of your cryptocurrency wallet.
They need to go and get your private secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to seize a domain at any offered time. Now, this is technically very unusual, but it is possible. And it raises an increasing issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer system registry comparable to like a Verisign. The power structure is very different due to the fact that as soon as we have actually sold you a domain there’s nothing that we can do. If it’s a.com domain you’re trusting the computer registry not to alter rates or take the domain far from you in the future. Our domain are one-time fees, so you never have to worry about it. When you buy a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t edit or upgrade or take the football away from you. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. But there are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little simpler for us to sort of manage the whole user experience and construct 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 enthusiasts. It’s an absolutely different domain name system, suggesting 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 comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.