it is totally possible for your domain name to be taken…What Are Namecoins… You’re leasing it from the domain registry and they have complete control over what occurs with your domain. I’ve discussed this approved monopoly system before which you can learn more about in my “Domain frequently asked question” video however you do not own your domain name. It’s actually impossible to own a conventional domain name. You may have discovered, I stated traditional domain name since a business’s dealing with a brand-new type of domain name that you can own outright. I had the possibility to interview 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 believed this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a conventional domain because the domain name is stored by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They require to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you do not actually 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 keys to every single.com domain. And that implies they have the power to seize a domain at any provided time. Now, this is technically very rare, however it is possible. And it raises a rising issue with our web, control. Brad calls this the power structure of a domain system. – We’re a windows registry comparable to like a Verisign. The power structure is very 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 computer registry not to change costs or take the domain far from you in the future. Our domain names are one-time fees, so you never have to fret about it. Once you purchase a domain 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 standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to build. In terms of us beginning, it was a little easier for us to type of handle the whole user experience and construct all these unique tools.
But if you were to like, you understand envision what things are going to be like in five to ten years. Yeah, there must be lots of various sellers and resellers and things like that. – Naturally a brand-new kind of domain means that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog site or company but we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain system, indicating you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term turn up all over just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent an unique digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.