Of a decentralized web…How To Do Domain Flipping… do I actually own my domain name outright?” Or, “Are there stipulations connected to my registration?” The answer is no, you don’t own your domain name outright, but policies and regulations typically secure 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 regulations normally safeguard the domain from being taken from you. At the end of the day,}
it is completely possible for your domain to be taken. You’re leasing it from the domain computer registry and they have complete control over what occurs with your domain. I’ve discussed this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s in fact impossible to own a conventional domain name. You might have discovered, I said conventional domain because a company’s working on a brand-new type of domain name that you can own outright. I had the chance 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 simply thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a conventional domain because the domain is saved by you, the user within your cryptocurrency wallet. So it’s kept within your wallet, much like a cryptocurrency would be. And what this does is it indicates that no one 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 require to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire 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 windows 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 provided time. Now, this is technically exceptionally unusual, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. Because when we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is really various. If it’s a.com domain you’re trusting the registry not to change prices or take the domain away from you in the future. Our domain are one-time fees, so you never ever need to fret about it. Once you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. When you have it, we can’t update or edit or take the football away from you. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly selling 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 purchase them. Yeah, I believe that’s something that’s going to construct. In regards to us beginning, it was a little easier for us to kind of handle the whole user experience and construct all these unique tools.
However if you were to like, you understand envision what things are going to resemble in 5 to ten years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Obviously a new kind of domain indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog or company but we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s an absolutely various domain system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term turn up everywhere just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a special digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.