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it is completely possible for your domain to be seized…Unstoppable Domains Premium… You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain. I have actually talked about this approved monopoly system before which you can discover more about in my “Domain FAQ” video however you do not own your domain name. It’s really difficult to own a standard domain name. You might have observed, I stated standard domain due to the fact that a business’s working on a new type of domain name that you can own outright. I had the chance 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 really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain due to the fact that the domain name is saved by you, the user within your cryptocurrency wallet. It’s stored 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 far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.

– Right now, when you go to buy a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain registry. If it’s a.com domain you’re trusting the computer registry not to change prices or take the domain away from you in the future.

But if you were to like, you understand envision what things are going to resemble in 5 to 10 years. Yeah, there must be lots of various sellers and resellers and things like that. – Naturally a new kind of domain name implies that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is beginning 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 offered in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various domain system, implying 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 turn up everywhere recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a distinct digital product.

In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be sincere, I still have problem with some of the ideas of cryptocurrency, and I’m not a specialist in this area. However today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the internet. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.