You’re leasing it from the domain pc registry and they have full control over what takes place with your domain name. You may have seen, I said standard domain name due to the fact that a business’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 different than a conventional domain due to the fact that the domain name is kept by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to acquire a domain you don’t actually 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 keys to every single.com domain. And that suggests they have the power to take a domain at any provided time. Now, this is technically extremely uncommon, however it is possible. And it raises an increasing issue with our web, control. Brad calls this the power structure of a domain system. – We’re a registry similar to like a Verisign. Since once we’ve offered you a domain there’s nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re trusting the registry not to change rates or take the domain away from you in the future.. Our domain are one-time costs, so you never need to worry about it. When you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t edit or update or take the football away from you as soon as you have it. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to develop. In regards to us getting started, it was a little simpler for us to sort of manage the whole user experience and construct all these unique tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, meaning 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 claiming to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.