Of a decentralized web…Domain With Bitcoin… do I in fact own my domain name outright?” Or, “Are there stipulations attached to my registration?” The response is no, you do not own your domain name outright, however policies and policies generally safeguard the domain from being taken from you. At the end of the day,|The response is no, you don’t own your domain name outright, however policies and guidelines usually 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 windows registry and they have complete control over what occurs with your domain name. I have actually discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video but you don’t own your domain. It’s actually difficult to own a traditional domain name. You might have noticed, I stated standard domain due to the fact that a company’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 truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a conventional domain because the domain name is kept by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, much like 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 secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to buy a domain you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to take a domain name at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it brings up a rising issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a windows registry similar to like a Verisign. The class structure is very different since 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 costs or take the domain away from you in the future.. Our domain are one-time charges, so you never need to worry about it. Once you purchase a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t update or modify or take the football far from you as soon as you have it. In the standard world, there’s a lot of these resellers. And so 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 purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to build. In regards to us getting started, it was a little easier for us to kind of handle the entire user experience and construct all these special tools.
If you were to like, you understand envision 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. – Obviously a brand-new type of domain means 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 or company however we might see some generic TLDs being used in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a completely different domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term turn up all over just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain system. To be truthful, I still fight with some of the principles of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the web. The most significant traffic jam 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 adding support for their domains.