Of a decentralized web…Unstoppable Domains Opinion… do I actually own my domain name outright?” Or, “Exist specifications connected to my registration?” The response is no, you do not own your domain name outright, but guidelines and policies normally safeguard the domain from being drawn from you. But at the end of the day,|The response is no, you don’t own your domain name outright, however policies and policies generally secure 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 pc registry and they have full control over what happens with your domain name. I have actually talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video but you do not own your domain. It’s in fact difficult to own a traditional domain. You may have noticed, I stated conventional domain since a company’s dealing with a 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, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a standard domain since the domain name is stored by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, just 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 need to go and get your private key, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain 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. And that suggests they have the power to seize a domain at any provided time. Now, this is technically extremely uncommon, however it is possible. And it brings up an increasing problem with our web, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. Since 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 computer system registry not to change prices 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. As soon as you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t modify or update or take the football away from you. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. But there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I think that’s something that’s going to build. In terms of us getting going, it was a little easier for us to type of manage the entire user experience and develop all these unique tools.
If you were to like, you know picture what things are going to be like in 5 to 10 years. Yeah, there should be lots of different sellers and resellers and things like that. – Obviously a new kind of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog site or organization however we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely different domain system, indicating 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 pop up everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent an unique digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be honest, I still fight with a few of the principles 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 suggests for the future of the web. The biggest traffic jam is that internet web 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 including support for their domains.