Of a decentralized web…Blockchain Domains Reddit… do I really own my domain name outright?” Or, “Exist terms connected to my registration?” The response is no, you do not own your domain name outright, but policies and policies usually secure the domain from being taken from you. However at the end of the day,|The response is no, you don’t own your domain name outright, however policies and policies usually secure the domain from being taken from you. At the end of the day,}
it is totally possible for your domain to be taken. You’re renting it from the domain pc registry and they have full control over what happens with your domain name. I’ve spoken about this approved monopoly system before which you can find out more about in my “Domain frequently asked question” video however you do not own your domain name. It’s really impossible to own a standard domain name. You might have discovered, I stated conventional domain name due to the fact that a company’s dealing with a new type of domain name that you can own outright. I had the possibility to speak with 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, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a conventional domain due to the fact that the domain name is kept by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it means that nobody 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 device, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to seize a domain name at any provided time. Now, this is technically exceptionally unusual, however it is possible. And it brings up an increasing problem with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer registry similar to like a Verisign. Due to the fact that when we’ve offered you a domain there’s nothing that we can do, the power structure is really different. If it’s a.com domain you’re relying on the registry not to alter rates or take the domain far from you in the future. Our domain are one-time costs, so you never ever need to worry about it. When you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely 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 conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. However there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little simpler for us to sort of handle the entire user experience and develop 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 enthusiasts. It’s a completely different domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be truthful, I still struggle with a few of the ideas of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the internet. The greatest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.