You’re leasing it from the domain pc registry and they have full control over what occurs with your domain name. You might have seen, I stated traditional domain name because 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 conventional domain since the domain name is kept by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to buy a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. If it’s a.com domain you’re trusting the windows registry not to alter prices or take the domain away from you in the future.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there must be lots of various sellers and resellers and things like that. – Naturally a brand-new type of domain name implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog site or company but we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain system, suggesting you can’t type craylor.crypto into your internet 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 systems 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 comprehend all the technical specifics of this brand-new domain system. To be sincere, I still fight with some of the principles of cryptocurrency, and I’m not an expert in this space. However today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the web. The biggest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.