Of a decentralized web….Crypto Domain Names… do I in fact own my domain name outright?” Or, “Are there stipulations connected to my registration?” The answer is no, you do not own your domain name outright, but regulations and policies generally safeguard the domain from being taken from you. At the end of the day,|The answer is no, you do not own your domain name outright, but policies and policies typically secure the domain from being taken from you. At the end of the day,}
it is completely possible for your domain to be taken. You’re renting it from the domain computer system registry and they have complete control over what happens with your domain name. 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 but you don’t own your domain. It’s really difficult to own a standard domain name. You might have noticed, I stated traditional domain because a company’s dealing with a 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 just thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a standard domain because the domain name is stored by you, the user inside of your cryptocurrency wallet. So it’s saved inside of your wallet, much like a cryptocurrency would be. And what this does is it indicates 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 secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to buy a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to seize a domain name at any given time. Now, this is technically exceptionally unusual, however it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a registry similar to like a Verisign. Due to the fact that as soon as we have actually sold 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 prices or take the domain far from you in the future. Our domain names are one-time charges, so you never need to stress over it. Once you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t upgrade or modify or take the football away from you. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In terms of us beginning, it was a little much easier for us to kind of handle the whole user experience and develop all these special tools.
But if you were to like, you know envision what things are going to be like in five to ten years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Naturally a brand-new kind of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or organization but we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a completely various domain system, suggesting 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 journal, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. To be truthful, I still fight with some of the principles of cryptocurrency, and I’m not an expert in this area. 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 web. The most significant traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.