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You’re leasing it from the domain computer system registry and they have complete control over what takes place with your domain name. You might have seen, I stated conventional domain name since 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 various than a traditional domain because 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 do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain pc registry. If it’s a.com domain you’re trusting the pc registry not to change prices or take the domain away from you in the future.

– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, implying you can’t type craylor.crypto into your browser and load it or can you?

In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be sincere, I still battle with a few of the principles of cryptocurrency, and I’m not an expert in this space. But 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 biggest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.