Of a decentralized web…Crypto Zoo Token… do I actually own my domain name outright?” Or, “Are there terms attached to my registration?” The answer is no, you do not own your domain name outright, however policies and policies normally protect the domain from being taken from you. But at the end of the day,|The response is no, you don’t own your domain name outright, however policies and regulations typically secure the domain from being taken from you. At the end of the day,}
it is completely possible for your domain name to be seized. You’re leasing it from the domain pc registry and they have full control over what occurs with your domain. I’ve spoken about this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video but you do not own your domain. It’s really impossible to own a standard domain name. You may have seen, I stated standard domain due to the fact that a company’s dealing with a new kind of domain that you can own outright. I had the chance to talk to 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 thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain because the domain is kept by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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, nobody can do it.
They need to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that indicates they have the power to take a domain name at any provided time. Now, this is technically very uncommon, but it is possible. And it raises a rising problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer registry comparable to like a Verisign. Since once we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is very different. If it’s a.com domain you’re trusting the computer registry not to change rates or take the domain far from you in the future. Our domain are one-time charges, so you never need to worry about it. Once you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t update or modify or take the football away from you once you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I think that’s something that’s going to construct. In terms of us starting, it was a little easier for us to type of manage the entire user experience and develop all these unique tools.
If you were to like, you understand envision what things are going to be like in five to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Of course a brand-new type of domain indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog or organization however we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term appear everywhere just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent an unique digital item.
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 some of the concepts of cryptocurrency, and I’m not a professional in this area. But today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the web. The most significant 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 adding support for their domains.