You’re renting it from the domain pc registry and they have complete control over what takes place with your domain name. You may have discovered, 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 traditional domain due to the fact that the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to acquire a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to seize a domain name at any given time. Now, this is technically extremely uncommon, however it is possible. And it brings up a rising problem with our web, control. Brad calls this the power structure of a domain system. – We’re a computer registry comparable to like a Verisign. The class structure is really various since when we have actually sold 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 rates or take the domain far from you in the future. Our domain names are one-time costs, so you never need to worry about it. Once you purchase a domain name it’s more like buying 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 when 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 mostly 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 develop. In terms of us starting, it was a little easier for us to type of handle the entire user experience and develop all these special tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be truthful, I still fight with a few of the concepts of cryptocurrency, and I’m not a professional in this space. However today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the web. The greatest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.