it is entirely possible for your domain name to be seized…What Is A Crypto Domain In Ipsec… You’re renting it from the domain pc registry and they have full control over what happens with your domain. I’ve talked about this sanctioned monopoly system before which you can discover more about in my “Domain FAQ” video however you don’t own your domain name. It’s in fact impossible to own a traditional domain. You might have noticed, I said standard domain due to the fact that a business’s working on a brand-new kind of domain name that you can own outright. I had the chance 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 simply believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a conventional domain due to the fact that the domain name is stored by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it means 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, nobody can do it.
They require to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to seize a domain at any provided time. Now, this is technically very rare, but it is possible. And it brings up an increasing issue with our web, control. Brad calls this the class structure of a domain system. – We’re a computer system registry similar to like a Verisign. The power structure is really various due to the fact that 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 system registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever need to fret about it. When you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t modify or update or take the football away from you. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I think that’s something that’s going to construct. In regards to us getting started, it was a little simpler for us to type of handle the entire user experience and build all these special tools.
If you were to like, you understand imagine what things are going to be like in five to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Of course a brand-new type of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or organization however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally 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 most likely seen this term pop up all over recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this new domain name system. To be truthful, I still deal with some of the ideas of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the internet. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.