it is totally possible for your domain name to be taken…Unstoppable Domains Token Airdrop… You’re renting it from the domain computer system registry and they have full control over what occurs with your domain name. I’ve discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s in fact impossible to own a standard domain. You might have seen, I stated traditional domain name due to the fact that a business’s working on a new kind of domain that you can own outright. I had the possibility to talk to 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 simply thought this was really, 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 is stored by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, much like a cryptocurrency would be. And what this does is it implies that nobody 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 secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to purchase a domain you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that indicates they have the power to take a domain at any provided time. Now, this is technically incredibly unusual, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer registry comparable to like a Verisign. Due to the fact that when we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is really various. , if it’s a.com domain you’re trusting the pc registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever have to worry about it. As soon as you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t modify or upgrade or take the football away from you as soon as you have it. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily 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 example, and you can buy them. So, yeah, I think that’s something that’s going to build. In terms of us starting, it was a little simpler for us to sort of handle the whole user experience and build all these unique tools.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to 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?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be honest, I still have problem with some of the ideas of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the internet. The biggest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.