Of a decentralized web…Google Domains Crypto Amazon… do I really own my domain name outright?” Or, “Are there specifications connected to my registration?” The answer is no, you don’t own your domain name outright, however guidelines and policies normally secure the domain from being drawn from you. However at the end of the day,|The response is no, you don’t own your domain name outright, but policies and regulations normally safeguard the domain from being taken from you. At the end of the day,}
it is entirely possible for your domain name to be taken. You’re renting it from the domain registry and they have full control over what happens with your domain. I have actually talked about this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video but you do not own your domain name. It’s in fact difficult to own a traditional domain name. You might have discovered, I stated standard domain name because a company’s dealing with a new type of domain 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 believed this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a conventional domain since the domain name is kept by you, the user within your cryptocurrency wallet. So it’s stored inside of your wallet, similar to 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, nobody can do it.
They need to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire 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 computer system 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 at any given time. Now, this is technically very uncommon, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain system. – We’re a computer system registry comparable to like a Verisign. Due to the fact that once we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is really different. If it’s a.com domain you’re relying on the pc registry not to change prices or take the domain far from you in the future. Our domain names are one-time fees, so you never ever have to fret about it. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t upgrade or modify or take the football away from you as soon as you have it. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. However 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 develop. In regards to us beginning, it was a little easier for us to type of manage the whole user experience and develop all these unique tools.
However if you were to like, you understand imagine what things are going to resemble in 5 to ten years. Yeah, there should be great deals of various sellers and resellers and things like that. – Naturally a brand-new kind of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog site or business but we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term pop up all over recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be sincere, I still fight with a few of the ideas 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 but more on what it suggests for the future of the internet. The most significant traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.