Of a decentralized web…Crypto.Com Coin… do I actually own my domain name outright?” Or, “Exist specifications attached to my registration?” The response is no, you don’t own your domain name outright, however guidelines and policies generally protect 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 policies and policies usually protect the domain from being taken from you. At the end of the day,}
it is entirely possible for your domain name to be seized. You’re renting it from the domain windows registry and they have complete control over what happens with your domain name. I’ve discussed this sanctioned monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you do not own your domain name. It’s really difficult to own a standard domain name. You may have discovered, I said standard domain name due to the fact that a business’s working on a brand-new type of domain name that you can own outright. I had the opportunity 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 thought this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a standard domain due to the fact that the domain name is saved 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, no one can do it.
They require to go and get your personal secret, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to seize a domain at any offered time. Now, this is technically exceptionally rare, however it is possible. And it brings up an increasing problem with our web, control. Brad calls this the power structure of a domain system. – We’re a computer registry comparable to like a Verisign. The power structure is extremely different because as soon as we have actually sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the computer registry not to alter prices or take the domain away from you in the future.. Our domain are one-time charges, so you never ever need to worry about it. As soon as you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. When you have it, we can’t modify or upgrade or take the football away from you. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance 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 example, and you can purchase them. Yeah, I think that’s something that’s going to build. In terms of us getting going, it was a little much easier for us to type of manage the entire user experience and construct 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 should be lots of different sellers and resellers and things like that. – Naturally a new type of domain means that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog site or business however we could see some generic TLDs being used in the future. For now, Unstoppable Domains is accommodating crypto lovers. 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 probably seen this term turn up all over just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain name system. To be sincere, I still battle 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 means for the future of the web. The greatest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.