it is entirely possible for your domain to be taken…Unstoppable Domains Supported Wallets… You’re leasing it from the domain windows registry and they have full control over what happens with your domain. I have actually spoken about this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s really impossible to own a traditional domain name. You may have noticed, I stated traditional domain due to the fact that a company’s dealing with a brand-new type of domain that you can own outright. I had the opportunity 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 thought this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain because the domain name is kept by you, the user inside of your cryptocurrency wallet. So it’s kept inside of your wallet, much like a cryptocurrency would be. And what this does is it indicates that nobody else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They require to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to take a domain name at any given time. Now, this is technically very unusual, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a windows registry comparable to like a Verisign. The power structure is extremely various because once we’ve offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the computer system registry not to alter prices or take the domain away from you in the future.. Our domain names are one-time costs, so you never need to fret about it. Once you buy a domain it’s more like buying a football from us. Like there’s nothing we can do. When you have it, we can’t modify or upgrade or take the football away from you. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. However 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 believe that’s something that’s going to develop. In regards to us starting, it was a little easier for us to kind of manage the whole user experience and build all these unique tools.
– Of course a new type of domain name suggests 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 browser and load it or can you?
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 adding support for their domains.