You’re leasing it from the domain registry and they have full control over what takes place with your domain name. You might have seen, I stated traditional domain name since a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to seize a domain name at any provided time. Now, this is technically exceptionally rare, however it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a pc registry similar to like a Verisign. Because once we have actually sold you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re relying on the windows registry not to change rates or take the domain away from you in the future. Our domain names are one-time fees, so you never need to stress over it. When you buy a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t edit or update or take the football far from you once you have it. In the standard world, there’s a lot 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 couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to develop. In regards to us starting, it was a little simpler for us to type of manage the whole user experience and build all these special tools.
If you were to like, you know picture what things are going to be like in five to 10 years. Yeah, there should be great deals of various sellers and resellers and things like that. – Obviously a brand-new type of domain name means that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog site or service but we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a completely different domain name system, suggesting you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term appear all over recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain system. To be honest, I still fight with some of the principles of cryptocurrency, and I’m not an expert in this space. 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 web. The biggest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.