Of a decentralized web…Are Crypto Domains A Good Investment… do I actually own my domain name outright?” Or, “Are there terms connected to my registration?” The response is no, you don’t own your domain name outright, however policies and guidelines typically secure the domain from being drawn from you. However at the end of the day,|The answer is no, you don’t own your domain name outright, however policies and policies normally secure the domain from being taken from you. At the end of the day,}
it is totally possible for your domain to be taken. You’re renting it from the domain registry and they have full control over what happens with your domain. I’ve discussed this sanctioned monopoly system before which you can find out more about in my “Domain FAQ” video however you don’t own your domain. It’s actually difficult to own a traditional domain name. You might have discovered, I said standard domain because a business’s dealing with a new type of domain that you can own outright. I had the chance 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, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names 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, much like a cryptocurrency would be. And what this does is it means 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, nobody can do it.
– 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 rates from the domain pc registry. If it’s a.com domain you’re trusting the windows registry not to change costs or take the domain away from you in the future.
But if you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there ought to be lots of different sellers and resellers and things like that. – Obviously a brand-new type of domain name implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or business but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally various domain name system, meaning you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term pop up everywhere just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.