Of a decentralized web…Blockchain Technology Domain… do I in fact 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 typically safeguard the domain from being taken from you. But at the end of the day,|The response is no, you do not own your domain name outright, but guidelines and policies typically secure 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 registry and they have full control over what occurs with your domain name. I have actually discussed this approved monopoly system prior to which you can find out more about in my “Domain FAQ” video however you don’t own your domain name. It’s in fact impossible to own a standard domain name. You might have seen, I stated standard domain name since a business’s working on a new type of domain 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 just believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain because the domain is kept by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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.
They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that suggests they have the power to take a domain name at any provided time. Now, this is technically incredibly rare, however it is possible. And it raises an increasing issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer system registry comparable to like a Verisign. Due to the fact that when we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is very various. , if it’s a.com domain you’re trusting the pc registry not to change prices or take the domain away from you in the future.. Our domain are one-time charges, so you never 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. We can’t modify or upgrade or take the football far from you when you have it. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. However 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 construct. In regards to us getting started, it was a little easier for us to sort of manage the whole user experience and construct all these unique tools.
But if you were to like, you understand picture what things are going to resemble in five to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Naturally a new kind of domain means that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog or organization but we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely various domain system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term pop up everywhere just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain system. To be sincere, I still deal with a few of the ideas 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 indicates for the future of the web. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.