it is totally possible for your domain name to be seized…What Can You Do With A .Crypto Domain… You’re renting it from the domain computer system registry and they have complete control over what occurs with your domain. I’ve discussed this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video but you do not own your domain name. It’s actually difficult to own a standard domain name. You might have observed, I said standard domain due to the fact that a company’s dealing with a brand-new type of domain name 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 just thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain due to the fact that the domain is saved by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
– 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 leasing it at wholesale rates from the domain registry. If it’s a.com domain you’re relying on the computer registry not to alter prices or take the domain away from you in the future.
However if you were to like, you understand imagine what things are going to resemble in 5 to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Naturally a new type of domain name means that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog site or organization but we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term appear all over just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still have problem with a few of the ideas of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the web. The greatest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.