Of a decentralized web…Unstoppable Domains Revenue… do I in fact own my domain name outright?” Or, “Are there stipulations connected to my registration?” The answer is no, you do not own your domain name outright, however guidelines and policies usually 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, but regulations and policies generally protect the domain from being taken from you. At the end of the day,}
it is totally possible for your domain to be taken. You’re renting it from the domain registry and they have complete control over what happens with your domain. I’ve discussed this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video however you don’t own your domain. It’s really impossible to own a conventional domain. You might have discovered, I stated conventional domain name due to the fact that a company’s working on a brand-new type of domain that you can own outright. I had the opportunity 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 thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain because the domain name is kept by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, similar to 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 private secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to acquire a domain name 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. And that suggests they have the power to take a domain at any provided time. Now, this is technically incredibly rare, however it is possible. And it raises an increasing problem with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer registry similar to like a Verisign. Since when we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re relying on the registry not to alter rates or take the domain away from you in the future.. Our domain are one-time costs, so you never ever need to stress over it. Once you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. As soon as you have it, we can’t edit or upgrade or take the football away from you. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling 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 develop. In terms of us beginning, it was a little easier for us to kind of manage the entire user experience and build all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, meaning you can’t type craylor.crypto into your internet 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 system. To be truthful, I still fight with some 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 but more on what it suggests for the future of the web. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.