it is totally possible for your domain to be seized…Unstoppable Domains Polygon Metamask… You’re renting it from the domain computer system registry and they have complete control over what happens with your domain name. I’ve spoken about this sanctioned monopoly system before which you can learn more about in my “Domain frequently asked question” video but you do not own your domain name. It’s actually difficult to own a traditional domain. You might have seen, I said conventional domain since a company’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 simply believed this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a traditional domain since the domain name is kept by you, the user within your cryptocurrency wallet. So it’s stored within your wallet, much like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They need to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain 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 computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to seize a domain at any offered time. Now, this is technically extremely uncommon, however it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a registry similar to like a Verisign. Because once we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is really various. If it’s a.com domain you’re trusting the windows registry not to alter rates or take the domain far from you in the future. Our domain are one-time fees, so you never need to fret about it. When you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. Once you have it, we can’t update or modify or take the football away from you. In the traditional world, there’s a lot of these resellers. Therefore 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 example, and you can buy them. So, yeah, I think that’s something that’s going to construct. In regards to us starting, it was a little much easier for us to kind of manage the entire user experience and develop all these special tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various 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 understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.