Of a decentralized web…Unstoppable Domains Airdrop Reddit… do I actually own my domain name outright?” Or, “Are there terms connected to my registration?” The response is no, you don’t own your domain name outright, but policies and guidelines usually safeguard the domain from being drawn 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 completely possible for your domain to be taken. You’re leasing it from the domain windows registry and they have full control over what occurs with your domain name. I’ve talked about this approved monopoly system prior to which you can find out more about in my “Domain FAQ” video but you do not own your domain. It’s actually difficult to own a traditional domain name. You may have observed, I said standard domain name because a company’s dealing with a new type of domain name that you can own outright. I had the opportunity to interview 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, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain due to the fact that the domain is saved 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 means 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, no one can do it.
They need to go and get your private key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to seize a domain at any given time. Now, this is technically extremely unusual, but it is possible. And it brings up a rising issue with our web, control. Brad calls this the power structure of a domain system. – We’re a registry comparable to like a Verisign. Due to the fact that once we’ve offered you a domain there’s nothing that we can do, the power structure is very different. If it’s a.com domain you’re trusting the pc registry not to change prices or take the domain away from you in the future. Our domain are one-time charges, so you never ever need to worry about it. When you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t modify or update or take the football away from you once you have it. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to develop. In regards to us starting, it was a little simpler for us to kind of handle the entire user experience and build 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 an absolutely various domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still struggle with a few of the concepts 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 web. The biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.