Of a decentralized web…Crypto Domains Airdrop… do I actually own my domain name outright?” Or, “Exist stipulations connected to my registration?” The answer is no, you don’t own your domain name outright, however regulations and policies generally safeguard 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 regulations and policies normally protect the domain from being taken from you. At the end of the day,}
it is completely possible for your domain name to be taken. You’re leasing it from the domain pc registry and they have complete control over what happens with your domain. I have actually spoken about this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video but you do not own your domain. It’s really impossible to own a conventional domain. You might have seen, I said standard domain name because a company’s dealing with a new kind of domain that you can own outright. I had the possibility 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 just thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain because the domain name is saved by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates that nobody 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 system or whatever. – Right now, when you go to acquire a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to take a domain at any offered time. Now, this is technically extremely unusual, but it is possible. And it raises an increasing problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a registry similar to like a Verisign. Due to the fact that when we’ve sold you a domain there’s 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 far from you in the future. Our domain names are one-time charges, so you never have to stress over it. As soon as you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t upgrade or edit 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 primarily 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 instance, and you can buy them. Yeah, I believe that’s something that’s going to build. In terms of us beginning, it was a little easier for us to type of manage the whole user experience and construct all these special tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your 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 honest, I still deal with some of the principles 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 suggests for the future of the web. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.