You’re leasing it from the domain registry and they have full control over what occurs with your domain name. You might have observed, I stated conventional 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 conventional 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 system or whatever. – Right now, when you go to purchase a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to seize a domain at any offered time. Now, this is technically incredibly rare, however it is possible. And it raises a rising problem with our web, control. Brad calls this the class structure of a domain system. – We’re a windows registry similar to like a Verisign. The class structure is extremely different since as soon as we’ve offered you a domain there’s nothing that we can do. If it’s a.com domain you’re trusting the pc registry not to change prices or take the domain far from you in the future. Our domain are one-time costs, so you never need to stress over it. As soon as you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. Once you have it, we can’t edit or update or take the football away from you. In the conventional 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. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to build. In regards to us starting, it was a little much easier for us to kind of handle the entire user experience and build all these special 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 enthusiasts. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your web 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.