Crypto Yield – No Renewal Fees Ever

Of a decentralized web…Crypto Yield… do I really own my domain name outright?” Or, “Are there terms connected to my registration?” The response is no, you don’t own your domain name outright, but policies and regulations generally safeguard the domain from being drawn from you. At the end of the day,|The response is no, you do not own your domain name outright, however policies and regulations generally protect the domain from being taken from you. At the end of the day,}

it is entirely possible for your domain to be taken. You’re renting it from the domain computer registry and they have full control over what occurs with your domain name. I’ve talked about this sanctioned monopoly system before which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s actually difficult to own a conventional domain name. You may have seen, I said conventional domain because 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 just thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a conventional domain due to the fact that the domain is stored by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, just 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 personal key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to buy 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 pricing 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 at any offered time. Now, this is technically very rare, however it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry similar to like a Verisign. Due to the fact that when we have actually offered you a domain there’s nothing that we can do, the power structure is very different. If it’s a.com domain you’re trusting the windows registry not to alter rates or take the domain far from you in the future. Our domain are one-time fees, so you never have to stress over it. When you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. As soon as you have it, we can’t edit or upgrade 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. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In regards to us getting going, it was a little much easier for us to kind of manage the whole user experience and develop all these special 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 lovers. It’s an absolutely different domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?

In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain system. To be truthful, I still struggle with a few of the concepts of cryptocurrency, and I’m not an expert in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the internet. The biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.