Of a decentralized web…Amazon Buying Cryptocurrency Domains… do I in fact own my domain name outright?” Or, “Are there terms connected to my registration?” The response is no, you do not own your domain name outright, however policies and guidelines usually safeguard the domain from being drawn from you. But at the end of the day,|The answer is no, you do not own your domain name outright, however regulations and policies typically safeguard the domain from being taken from you. At the end of the day,}
it is completely possible for your domain to be taken. You’re leasing it from the domain windows registry and they have complete control over what happens with your domain name. I have actually talked about this sanctioned 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 actually impossible to own a traditional domain name. You may have noticed, I stated traditional domain due to the fact that a company’s working on a new kind 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 builds domain on blockchains and this is different than a standard domain because the domain name is saved by you, the user within your cryptocurrency wallet. So it’s stored within 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 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 don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer 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 offered time. Now, this is technically very uncommon, however it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a pc registry similar to like a Verisign. Since as soon as we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re relying on the registry not to change rates or take the domain away from you in the future.. Our domain are one-time charges, so you never ever need to worry about it. When you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t modify or upgrade or take the football away from you. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. However 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 develop. In terms of us starting, it was a little much easier for us to type of handle the whole user experience and construct all these unique tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, indicating you can’t type craylor.crypto into your 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 a service for this, thanks to Cloudflare adding support for their domains.