Of a decentralized web…Which Crypto Domain Is Best… do I actually own my domain name outright?” Or, “Are there terms connected to my registration?” The answer is no, you do not own your domain name outright, but policies and regulations typically secure the domain from being drawn from you. However at the end of the day,|The response is no, you don’t own your domain name outright, however policies and policies generally safeguard the domain from being taken from you. At the end of the day,}
it is completely possible for your domain to be taken. You’re leasing it from the domain pc registry and they have full control over what occurs with your domain name. I’ve spoken about this sanctioned monopoly system before which you can discover more about in my “Domain FAQ” video but you do not own your domain name. It’s actually impossible to own a conventional domain name. You might have seen, I said traditional domain name because a company’s working on a new type of domain name that you can own outright. I had the opportunity 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 believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain since the domain name is saved by you, the user within 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 secret, which is on your device, like your phone or your computer or whatever. – Today, 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 leasing 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 means they have the power to take a domain at any offered time. Now, this is technically very rare, 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 registry comparable to like a Verisign. Since as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re trusting the computer system registry not to alter prices or take the domain away from you in the future. Our domain are one-time charges, so you never need to worry about it. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t modify or update or take the football away from you once you have it. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In regards to us getting going, it was a little easier for us to type of handle the entire user experience and build all these unique tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely 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 new domain name system. To be truthful, I still have problem with a few of the concepts of cryptocurrency, and I’m not a professional in this space. However today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the web. The biggest traffic jam 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 adding assistance for their domains.