Of a decentralized web…What Is Namecoin Slushpool… do I actually own my domain name outright?” Or, “Are there terms connected to my registration?” The answer is no, you don’t own your domain name outright, however policies and policies generally safeguard the domain from being taken from you. But at the end of the day,|The answer is no, you don’t own your domain name outright, however policies and policies usually 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 leasing it from the domain computer 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 find out more about in my “Domain FAQ” video however you do not own your domain name. It’s actually impossible to own a standard domain name. You might have seen, I stated conventional domain name since a company’s working on a brand-new kind of domain 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 just believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a traditional domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. So it’s kept 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, no one can do it.
They need to go and get your personal key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain windows 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 name at any offered time. Now, this is technically exceptionally unusual, but it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer system registry similar to like a Verisign. The power structure is really different due to the fact that once we have actually sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the computer registry not to alter rates or take the domain far 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 purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t update or modify or take the football far from you when 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 offering our own domains at unstoppabledomains.com right now. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to develop. In terms of us getting going, it was a little simpler for us to type of manage the entire user experience and develop all these special tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain system. To be truthful, I still deal with some of the principles of cryptocurrency, and I’m not a specialist in this area. But today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the internet. The greatest traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.