it is completely possible for your domain name to be seized…Will Bitcoin Lose Dominance… You’re leasing it from the domain computer system registry and they have complete control over what happens with your domain name. I have actually talked about this sanctioned 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 really difficult to own a standard domain. You might have observed, I stated standard domain because a company’s dealing with a new kind of domain that you can own outright. I had the chance 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 just 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 traditional domain since the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, similar to a cryptocurrency would be. And what this does is it implies 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, no one can do it.
– Right now, when you go to acquire a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain pc registry. If it’s a.com domain you’re trusting the computer system registry not to alter prices or take the domain away from you in the future.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, implying 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 name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.