Of a decentralized web…Bitcoin Dominance All Time Low… do I really own my domain name outright?” Or, “Exist stipulations attached to my registration?” The answer is no, you don’t own your domain name outright, but guidelines and policies typically protect the domain from being drawn from you. However at the end of the day,|The response is no, you do not own your domain name outright, but policies and policies usually protect the domain from being taken from you. At the end of the day,}
it is totally possible for your domain name to be seized. You’re leasing it from the domain computer system registry and they have complete control over what happens with your domain name. I’ve talked about this approved monopoly system before which you can learn more about in my “Domain FAQ” video however you do not own your domain. It’s actually impossible to own a traditional domain name. You may have observed, I said conventional domain since a business’s dealing with a new kind of domain name 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 thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a conventional domain since the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, simply like 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, nobody can do it.
They require to go and get your private key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to purchase a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to take a domain at any provided time. Now, this is technically exceptionally rare, however it is possible. And it brings up a rising problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer registry similar to like a Verisign. Due to the fact that when we have actually offered you a domain there’s nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re relying on the windows registry not to alter costs or take the domain away from you in the future. Our domain are one-time fees, so you never need to worry about it. When you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t update or edit or take the football away from you when you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to build. In regards to us beginning, it was a little simpler for us to kind of handle the whole user experience and build all these special tools.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there should be lots of different sellers and resellers and things like that. – Of course a new type of domain means 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 suitable for your blog site or organization however we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely different domain system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term appear all over recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. To be sincere, I still struggle with some of the concepts of cryptocurrency, and I’m not an expert in this space. But 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 internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.