Of a decentralized web…Does Unstoppable Domains Work With Ledger… do I actually own my domain name outright?” Or, “Exist terms attached to my registration?” The answer is no, you don’t own your domain name outright, but policies and policies generally protect the domain from being taken from you. At the end of the day,|The answer is no, you do not 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 to be seized. You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain name. I’ve talked about this approved monopoly system before which you can learn more about in my “Domain FAQ” video however you do not own your domain name. It’s actually difficult to own a traditional domain. You might have noticed, I said conventional domain name due to the fact that a business’s working on a new kind of domain name that you can own outright. I had the opportunity 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, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a traditional domain due to the fact that the domain is stored by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it implies 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 require to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to purchase a domain you don’t 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. Which suggests they have the power to seize a domain name at any provided time. Now, this is technically extremely unusual, however it is possible. And it raises a rising issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a windows 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 extremely different. , if it’s a.com domain you’re trusting the registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever need to fret about it. As soon as you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t update or modify or take the football away from you. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering 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 buy them. Yeah, I think that’s something that’s going to construct. In regards to us getting going, it was a little easier for us to type of manage the entire user experience and build all these unique tools.
But if you were to like, you know picture what things are going to be like in five to ten years. Yeah, there need to be lots of different sellers and resellers and things like that. – Of course a new kind of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog or business but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term appear all over recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain system. To be sincere, I still struggle with a few of the principles of cryptocurrency, and I’m not an expert in this area. Today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the internet. The greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.