Of a decentralized web…Crypto Domain Airdrop… do I really own my domain name outright?” Or, “Exist terms attached to my registration?” The response is no, you do not own your domain name outright, but guidelines and policies normally secure 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, but policies and guidelines generally protect the domain from being taken from you. At the end of the day,}
it is entirely possible for your domain to be seized. You’re leasing it from the domain registry and they have full control over what occurs with your domain. I have actually spoken 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 in fact impossible to own a traditional domain name. You might have noticed, 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 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 actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s kept inside of your wallet, much like a cryptocurrency would be. And what this does is it implies 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 require to go and get your private key, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain name you don’t in fact 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 secrets to every single.com domain. And that means they have the power to seize a domain name at any given time. Now, this is technically incredibly rare, but it is possible. And it raises an increasing issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer system registry similar to like a Verisign. Because as soon as we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is really various. If it’s a.com domain you’re relying on the windows registry not to alter rates or take the domain away from you in the future. Our domain are one-time costs, so you never have to stress over it. When you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. Once you have it, we can’t update or modify or take the football away from you. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to build. In regards to us starting, it was a little much easier for us to kind of manage the entire user experience and build all these unique tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to 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?
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be sincere, I still struggle with a few of the ideas of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the internet. The greatest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.