it is totally possible for your domain to be seized…Why Is Mergemining Namecoin On Antpool Showing Paying… You’re renting it from the domain windows registry and they have complete control over what happens with your domain. I have actually discussed this approved monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain name. It’s in fact difficult to own a standard domain name. You may have discovered, I said traditional domain name since a business’s dealing with a brand-new type of domain that you can own outright. I had the opportunity 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 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 is kept by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it suggests that nobody else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to take a domain name at any offered time. Now, this is technically extremely unusual, however it is possible. And it raises an increasing issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a windows registry comparable to like a Verisign. The power structure is extremely different due to the fact that when we have actually offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the registry not to alter prices or take the domain far from you in the future. Our domain names are one-time charges, so you never need to fret about it. As soon as you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t edit or update or take the football far from you when 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 mostly selling our own domains at unstoppabledomains.com right now. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to build. In terms of us starting, it was a little simpler for us to sort of manage the whole user experience and build all these special tools.
– Of course a brand-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, meaning you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be honest, I still struggle with a few of the ideas of cryptocurrency, and I’m not a professional in this area. Today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the internet. The biggest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.