You’re leasing it from the domain computer system registry and they have full control over what occurs with your domain name. You might have observed, I stated standard domain name because a business’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 standard domain because the domain name is stored by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to buy a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain registry. If it’s a.com domain you’re relying on the computer system registry not to alter rates or take the domain away from you in the future.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various domain name system, indicating you can’t type craylor.crypto into your internet 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 brand-new domain system. To be truthful, I still struggle with some of the principles of cryptocurrency, and I’m not a specialist in this space. But 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 web. The most significant 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 solution for this, thanks to Cloudflare including assistance for their domains.