Of a decentralized web…Bitcointalk Domain… do I really own my domain name outright?” Or, “Are there terms attached to my registration?” The response is no, you do not own your domain name outright, however policies and policies generally secure 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, however guidelines and policies usually 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 full control over what happens with your domain name. I have actually discussed this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video however you do not own your domain. It’s really impossible to own a traditional domain name. You may have discovered, I said conventional domain name because a company’s dealing with a new type of domain name that you can own outright. I had the possibility 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 really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a conventional domain because the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, much like a cryptocurrency would be. And what this does is it indicates 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 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 acquire a domain name you do not actually own it. You’re leasing 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. Which suggests they have the power to take a domain at any given time. Now, this is technically very unusual, however it is possible. And it raises an increasing issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a registry comparable to like a Verisign. The power structure is very various because once we’ve sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the computer system registry not to change costs or take the domain far 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 buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t update or modify 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 example of.com domains. We’re mostly 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 instance, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In regards to us getting going, it was a little easier for us to sort of handle the whole user experience and build all these unique tools.
If you were to like, you know imagine what things are going to be like in five to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Obviously a new kind of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or company but we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term pop up all over recently. Non-fungible tokens are units of data 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 understand all the technical specifics of this new domain system. To be sincere, I still have problem with a few of the concepts of cryptocurrency, and I’m not a specialist in this space. However today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the internet. The greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.