it is completely possible for your domain to be seized…Unstoppable Domains On Polygon… You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain name. I’ve discussed this approved monopoly system before which you can find out more about in my “Domain FAQ” video however you don’t own your domain name. It’s actually impossible to own a standard domain. You might have noticed, I said traditional domain name since a business’s working on a brand-new type of domain that you can own outright. I had the possibility 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 simply thought this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a conventional domain since the domain name is saved by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it means that nobody 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 device, like your phone or your computer or whatever. – Right now, when you go to buy a domain you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to seize a domain name at any given time. Now, this is technically incredibly uncommon, however it is possible. And it raises a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a registry comparable to like a Verisign. Since when we have actually offered you a domain there’s nothing that we can do, the power structure is really various. If it’s a.com domain you’re relying on the windows 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. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t edit or update or take the football away from you. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to develop. In terms of us starting, it was a little simpler for us to type of handle the whole user experience and construct all these special tools.
However if you were to like, you understand envision what things are going to be like in five to ten years. Yeah, there must be lots of various sellers and resellers and things like that. – Of course a brand-new type of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or company however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term pop up everywhere just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital item.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. To be truthful, I still have problem with a few of the concepts of cryptocurrency, and I’m not an expert in this area. Today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the web. The biggest traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.