Of a decentralized web…Handshake Crypto Domains… do I really own my domain name outright?” Or, “Exist stipulations attached to my registration?” The answer is no, you do not own your domain name outright, however policies and policies typically secure the domain from being drawn 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 protect the domain from being taken from you. At the end of the day,}
it is totally possible for your domain name to be taken. You’re leasing it from the domain computer registry and they have complete control over what occurs with your domain. I have actually talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you don’t own your domain. It’s really impossible to own a standard domain. You might have noticed, I said conventional domain name since a company’s dealing with a new kind of domain that you can own outright. I had the opportunity 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 just believed 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 since the domain is kept by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests 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, no one can do it.
They need to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to acquire a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to take a domain name at any provided time. Now, this is technically exceptionally rare, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a pc registry similar to like a Verisign. The power structure is really different because as soon as we’ve offered you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on the computer system registry not to alter costs or take the domain away from you in the future.. Our domain are one-time charges, so you never ever need to stress over it. When you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t update or modify or take the football away from you. In the conventional 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. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to develop. In terms of us beginning, it was a little simpler for us to sort of manage the entire user experience and develop all these special tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, suggesting you can’t type craylor.crypto into your internet 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 new domain name system. To be honest, I still deal with a few of the principles 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 implies for the future of the internet. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.