Of a decentralized web…Unstoppable Domains Explained… do I really own my domain name outright?” Or, “Exist specifications attached to my registration?” The answer is no, you do not own your domain name outright, however policies and guidelines generally safeguard 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 regulations and policies generally protect the domain from being taken from you. At the end of the day,}
it is completely possible for your domain to be seized. You’re renting it from the domain registry and they have complete control over what occurs with your domain. I have actually discussed this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video but you don’t own your domain. It’s in fact difficult to own a conventional domain name. You may have discovered, I stated standard domain name since a company’s working on a new type of domain name that you can own outright. I had the possibility 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 really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a traditional domain because the domain is stored 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 implies 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, nobody can do it.
They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to purchase a domain you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer 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 exceptionally uncommon, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain system. – We’re a computer registry similar to like a Verisign. Because as soon as we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is very various. If it’s a.com domain you’re relying on the registry not to change rates or take the domain away from you in the future. Our domain are one-time costs, so you never ever need to worry about it. As soon as you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t edit or upgrade or take the football far from you once you have it. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little simpler for us to type of manage the entire user experience and build all these unique tools.
But if you were to like, you know imagine what things are going to resemble in five to ten years. Yeah, there need to be lots of different sellers and resellers and things like that. – Of course a brand-new type of domain means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog or organization however we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term pop up everywhere just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain system. To be honest, I still struggle with some of the concepts of cryptocurrency, and I’m not an expert in this area. But today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the internet. The greatest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.