Of a decentralized web…Blockchain Domain Reddit… do I actually own my domain name outright?” Or, “Are there specifications attached to my registration?” The answer is no, you do not own your domain name outright, but regulations and policies normally secure 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, but regulations and policies normally secure the domain from being taken from you. At the end of the day,}
it is totally possible for your domain name to be taken. You’re leasing it from the domain computer registry and they have full control over what happens with your domain. I’ve talked about this sanctioned monopoly system prior to which you can find out more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s actually difficult to own a standard domain name. You might have seen, I said traditional domain name because a company’s working on a new kind of domain 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 just believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain since the domain name is stored by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests 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, no one can do it.
– Right now, when you go to purchase a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer registry. If it’s a.com domain you’re relying on the computer system registry not to alter rates or take the domain away from you in the future.
If you were to like, you know imagine what things are going to be like in 5 to 10 years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Obviously a brand-new kind of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or organization however we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s a completely various domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term pop up everywhere recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming 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.