Of a decentralized web…Bitcoin Dominance Low… do I actually own my domain name outright?” Or, “Exist specifications attached to my registration?” The response is no, you don’t own your domain name outright, but policies and policies usually protect the domain from being drawn from you. At the end of the day,|The answer is no, you don’t own your domain name outright, but regulations and policies typically protect the domain from being taken from you. At the end of the day,}
it is completely possible for your domain to be seized. You’re renting it from the domain computer registry and they have full control over what occurs with your domain. I have actually spoken about this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video however you don’t own your domain. It’s actually impossible to own a conventional domain name. You might have seen, I stated traditional domain due to the fact that a business’s dealing with a brand-new type of domain name that you can own outright. I had the possibility 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 simply thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain since the domain is stored by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, much like a cryptocurrency would be. And what this does is it indicates 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 key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows 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 name at any provided time. Now, this is technically exceptionally uncommon, but it is possible. And it raises a rising issue with our web, control. Brad calls this the power structure of a domain system. – We’re a computer registry comparable to like a Verisign. The power structure is very various because when we have actually offered you a domain there’s nothing that we can do. , if it’s a.com domain you’re trusting the windows registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time fees, so you never have to fret about it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. As soon as you have it, we can’t upgrade or modify or take the football away from you. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to build. In terms of us beginning, it was a little simpler for us to kind of manage the entire user experience and construct all these unique tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still struggle with a few of the principles of cryptocurrency, and I’m not an expert in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the web. The biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.