Of a decentralized web…Bitcoin Dominance Rising… do I actually own my domain name outright?” Or, “Are there stipulations connected to my registration?” The answer is no, you don’t own your domain name outright, however regulations and policies usually safeguard the domain from being taken from you. But at the end of the day,|The answer is no, you don’t own your domain name outright, however policies and guidelines normally safeguard the domain from being taken from you. At the end of the day,}
it is entirely possible for your domain name to be taken. You’re renting it from the domain computer system registry and they have complete control over what happens with your domain. I have actually talked about this approved monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you do not own your domain. It’s actually difficult to own a standard domain. You may have discovered, I stated conventional domain due to the fact that a company’s dealing with 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 just thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional 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 means 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, no one can do it.
They need to go and get your private key, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to acquire a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to seize a domain name at any offered time. Now, this is technically exceptionally uncommon, however it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a windows registry comparable to like a Verisign. Due to the fact that as soon as we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is really different. , if it’s a.com domain you’re trusting the registry not to change prices or take the domain away from you in the future.. Our domain are one-time fees, so you never need 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. We can’t upgrade or edit or take the football away from you once you have it. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In regards to us getting started, it was a little simpler for us to type of manage the whole user experience and construct all these special tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. 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 declaring to comprehend all the technical specifics of this new domain system. To be truthful, I still deal with a few of the concepts of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the internet. The greatest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.