Of a decentralized web…Namecoin 2017 Forecast… do I actually own my domain name outright?” Or, “Are there terms attached to my registration?” The response is no, you don’t own your domain name outright, but guidelines and policies normally protect the domain from being taken from you. At the end of the day,|The answer is no, you don’t own your domain name outright, however policies and guidelines normally 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 renting it from the domain registry and they have complete control over what occurs with your domain name. I’ve discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video however you do not own your domain name. It’s in fact impossible to own a traditional domain. You might have observed, I stated standard domain name since a business’s dealing with a new kind of domain that you can own outright. I had the chance 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 simply believed this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it means 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 private key, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to buy a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain pc 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 power structure of a domain system. – We’re a registry similar to like a Verisign. The class structure is very various due to the fact that as soon as we’ve sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on 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. When you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t edit or update or take the football far from you when you have it. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to develop. In terms of us starting, it was a little easier for us to sort of manage the entire user experience and develop all these unique tools.
If you were to like, you know imagine what things are going to be like in five to 10 years. Yeah, there need to be lots of different sellers and resellers and things like that. – Obviously a new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog or business however we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s a completely different domain system, implying 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 probably seen this term turn up all over recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be honest, I still fight with some of the principles of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the web. The most significant traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.