Of a decentralized web….Crypto Tld… do I actually own my domain name outright?” Or, “Are there specifications attached to my registration?” The answer is no, you don’t own your domain name outright, however policies and regulations usually safeguard 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 policies and guidelines generally protect 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 leasing it from the domain computer system registry and they have complete control over what occurs with your domain. I’ve discussed this approved monopoly system before which you can find out more about in my “Domain FAQ” video however you don’t own your domain. It’s really difficult to own a conventional domain name. You may have seen, I said standard domain name since a business’s dealing with a brand-new kind of domain name that you can own outright. I had the chance 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 believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain due to the fact that the domain is kept 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 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 system or whatever. – Right now, when you go to acquire a domain 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 computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to seize a domain name at any given time. Now, this is technically extremely unusual, but it is possible. And it raises an increasing issue with our web, control. Brad calls this the class structure of a domain system. – We’re a computer registry comparable to like a Verisign. Since as soon as we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is very various. , if it’s a.com domain you’re trusting the registry not to alter rates or take the domain away from you in the future.. Our domain names are one-time fees, so you never ever need to stress over it. When you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t modify or update or take the football away from you once you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mostly 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 think that’s something that’s going to develop. In regards to us starting, it was a little easier for us to type of handle the entire user experience and build all these special tools.
If you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there need to be lots of different sellers and resellers and things like that. – Naturally a brand-new type of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or business but we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, indicating you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term pop up all over just 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. Now I’m not declaring to understand all the technical specifics of this new domain system. To be truthful, I still deal with a few of the principles of cryptocurrency, and I’m not a specialist in this space. But 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 bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.