Of a decentralized web…What Is A N Nft… do I really own my domain name outright?” Or, “Exist specifications connected to my registration?” The answer is no, you don’t own your domain name outright, however guidelines and policies generally protect the domain from being taken 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 entirely possible for your domain name to be seized. You’re renting it from the domain registry and they have full control over what occurs with your domain. I have actually talked about this sanctioned monopoly system before which you can learn more about in my “Domain FAQ” video but you do not own your domain name. It’s actually impossible to own a standard domain. You may have seen, I said conventional domain because a business’s working on a brand-new kind of domain 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 just believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain since the domain name is stored by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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 require to go and get your private key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to seize a domain at any offered time. Now, this is technically extremely unusual, 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 system registry similar to like a Verisign. The power structure is extremely various due to the fact that when we have actually offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the registry not to change costs or take the domain away from you in the future.. Our domain are one-time costs, so you never have to worry about it. As soon as you buy a domain name it’s more like purchasing 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 conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. 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 construct. In regards to us getting going, it was a little simpler for us to sort of manage the entire user experience and build all these unique tools.
But if you were to like, you understand envision 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. – Naturally a new kind of domain name indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog or service however we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain system, indicating you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term turn up all over recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a special digital item.
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 have problem with some of the concepts of cryptocurrency, and I’m not an expert in this area. 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 biggest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.