Of a decentralized web…Bitcoin Dominance Historical Data… do I really own my domain name outright?” Or, “Exist terms connected to my registration?” The response is no, you do not own your domain name outright, but policies and guidelines usually safeguard the domain from being drawn from you. At the end of the day,|The response is no, you do not own your domain name outright, but guidelines and policies generally protect the domain from being taken from you. At the end of the day,}
it is totally possible for your domain to be seized. You’re renting it from the domain windows registry and they have full control over what happens with your domain name. I have actually spoken about this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video but you do not own your domain name. It’s actually difficult to own a traditional domain. You may have observed, I said standard domain due to the fact that a business’s working on a brand-new kind of domain that you can own outright. I had the opportunity 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 simply believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain because the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it implies that nobody else can move the domain around, take it far 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 personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you don’t 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 system 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 name at any given time. Now, this is technically extremely unusual, however it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. The class structure is extremely various because as soon as we’ve offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the registry not to change rates or take the domain far from you in the future. Our domain names are one-time costs, so you never have to fret about it. As soon as you purchase a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. Once you have it, we can’t edit or upgrade or take the football away from you. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. But there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I think that’s something that’s going to construct. In regards to us getting going, it was a little easier for us to sort of manage the whole user experience and build all these special tools.
However if you were to like, you know imagine what things are going to be like in five to ten years. Yeah, there ought to be lots of different sellers and resellers and things like that. – Obviously a brand-new type of domain means that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog site or business however we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely different domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term appear everywhere recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.