it is entirely possible for your domain name to be seized…Will Crypto Domains Be Valuable… You’re leasing it from the domain pc registry and they have full control over what occurs with your domain name. I have actually discussed this sanctioned monopoly system before which you can learn more about in my “Domain FAQ” video however you don’t own your domain. It’s really impossible to own a traditional domain. You may have observed, I said standard domain name since a business’s working on a new type of domain name that you can own outright. I had the opportunity 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 just believed this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a conventional domain because the domain name is saved by you, the user within your cryptocurrency wallet. It’s stored 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 away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They require to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to seize a domain at any provided time. Now, this is technically very unusual, but it is possible. And it brings up a rising issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer registry comparable to like a Verisign. The power structure is very various because when we’ve sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on the computer registry not to alter rates or take the domain away from you in the future.. Our domain names are one-time costs, so you never have to worry about it. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t modify or upgrade or take the football far from you once you have it. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In regards to us beginning, it was a little easier for us to sort of manage the entire user experience and develop all these special tools.
But if you were to like, you know picture 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. – Naturally a new kind of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog or service but we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s a totally various domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term appear everywhere recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital item.
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 a solution for this, thanks to Cloudflare adding assistance for their domains.