Of a decentralized web…Slushpoool Namecoin… do I really own my domain name outright?” Or, “Are there specifications attached to my registration?” The response is no, you do not own your domain name outright, but regulations and policies normally protect 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 guidelines and policies normally secure 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 renting it from the domain registry and they have complete control over what occurs with your domain. I’ve talked about this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video however you don’t own your domain. It’s really difficult to own a conventional domain name. You might have observed, I said standard domain due to the fact that a company’s dealing with a brand-new kind 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 believed this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a traditional domain due to the fact that the domain name is stored by you, the user within your cryptocurrency wallet. So it’s stored within your wallet, much 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, nobody can do it.
They require to go and get your personal secret, which is on your gadget, like your phone or your computer system 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 renting it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to seize a domain at any given time. Now, this is technically very 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 computer system registry comparable to like a Verisign. Since once we’ve sold you a domain there’s nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re trusting the pc registry not to alter rates or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever have to fret about it. When you buy a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t edit or update or take the football away from you when you have it. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy 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 terms of us starting, it was a little easier for us to kind of manage the entire user experience and construct all these special tools.
But if you were to like, you understand picture what things are going to resemble in 5 to ten years. Yeah, there need to be lots of different sellers and resellers and things like that. – Naturally a new type of domain indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or business but 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, suggesting you can’t type craylor.crypto into your 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 recently. Non-fungible tokens are systems of data on a ledger, 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 brand-new domain name system. To be truthful, I still fight with a few of the ideas 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 but more on what it suggests for the future of the internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.