Of a decentralized web…Crypto Reddit… do I actually own my domain name outright?” Or, “Exist stipulations attached to my registration?” The answer is no, you don’t own your domain name outright, but policies and guidelines typically protect the domain from being taken from you. But at the end of the day,|The answer is no, you do not own your domain name outright, however regulations 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 seized. You’re renting it from the domain registry and they have complete control over what occurs with your domain name. I have actually discussed this sanctioned monopoly system before which you can discover 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. You might have noticed, I said traditional domain name since a company’s working on a new kind of domain that you can own outright. I had the chance 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 believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a standard domain since the domain name is kept by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, similar to a cryptocurrency would be. And what this does is it suggests 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, nobody can do it.
They require to go and get your personal key, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy a domain you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to seize a domain name at any offered time. Now, this is technically very uncommon, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry similar to like a Verisign. The class structure is very different due to the fact that once we have actually offered you a domain there’s nothing that we can do. , if it’s a.com domain you’re trusting the registry not to change rates or take the domain away from you in the future.. Our domain are one-time costs, so you never ever need to stress over it. When you buy a domain it’s more like buying a football from us. Like there’s nothing we can do. As soon as you have it, we can’t update 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 example of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, 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 simpler for us to kind of handle the whole user experience and construct all these unique tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various 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 name. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.