it is completely possible for your domain name to be seized…Unstoppable Domains Ripple… You’re leasing it from the domain windows registry and they have full control over what happens with your domain name. I have actually talked about this approved monopoly system before which you can find out more about in my “Domain FAQ” video but you do not own your domain. It’s actually difficult to own a standard domain name. You may have discovered, I stated conventional domain because a company’s working on a brand-new type of domain that you can own outright. I had the chance to speak with 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 just believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain since the domain is stored by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it suggests 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 buy a domain you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to seize a domain at any given time. Now, this is technically exceptionally rare, however it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer system registry similar to like a Verisign. Due to the fact that once we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is extremely various. 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 fees, so you never ever have to worry about it. As soon as you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t modify or update or take the football far from you once you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. However 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 think that’s something that’s going to build. In regards to us starting, it was a little easier for us to type of manage the whole user experience and develop all these unique tools.
If you were to like, you understand imagine what things are going to be like in five to 10 years. Yeah, there ought to be great deals of various sellers and resellers and things like that. – Obviously 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. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or business however we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely 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 items. You have actually most likely seen this term turn up all over just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital product.
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 an option for this, thanks to Cloudflare including support for their domains.