Of a decentralized web…Blockchain Domain .Io… do I really own my domain name outright?” Or, “Exist specifications attached to my registration?” The answer is no, you do not own your domain name outright, however policies and policies normally safeguard the domain from being taken from you. At the end of the day,|The answer is no, you do not own your domain name outright, but policies and regulations typically secure 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 system registry and they have complete control over what happens with your domain. I have actually spoken about this approved monopoly system prior to which you can discover more about in my “Domain frequently asked question” video however you do not own your domain name. It’s really impossible to own a traditional domain. You may have discovered, I said conventional domain name since a company’s working on 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 believed this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain since the domain name is stored by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it far 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 private secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to purchase a domain you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing 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 at any given time. Now, this is technically exceptionally rare, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a registry comparable to like a Verisign. The class structure is very different due to the fact that once we’ve sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re trusting the computer registry not to change 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. 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 upgrade or edit or take the football away from you. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering 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 instance, and you can buy them. So, yeah, I believe that’s something that’s going to build. In terms of us getting started, it was a little easier for us to type of manage the whole user experience and construct all these special tools.
But if you were to like, you know picture what things are going to be like in 5 to ten years. Yeah, there need to be lots of different sellers and resellers and things like that. – Of course a new type of domain implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or company however we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. 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? See these crypto domains are NFT products. You’ve probably seen this term turn up everywhere recently. Non-fungible tokens are units of data 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 brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.