Of a decentralized web…Who Trades Namecoins… do I actually own my domain name outright?” Or, “Exist specifications attached to my registration?” The response is no, you do not own your domain name outright, but regulations and policies generally safeguard the domain from being drawn from you. However at the end of the day,|The response is no, you do not own your domain name outright, but regulations and policies usually safeguard the domain from being taken from you. At the end of the day,}
it is entirely possible for your domain name to be taken. You’re renting it from the domain registry and they have complete control over what occurs with your domain name. I’ve discussed this approved monopoly system before which you can learn more about in my “Domain FAQ” video however you do not own your domain. It’s really impossible to own a standard domain name. You might have observed, I said 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 possibility 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 simply thought this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a traditional domain because the domain name is kept 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 indicates that no one else can move the domain around, take it away 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 personal key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to acquire a domain you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to seize a domain at any given time. Now, this is technically incredibly rare, but it is possible. And it raises a rising problem with our web, control. Brad calls this the class structure of a domain name system. – We’re a registry similar to like a Verisign. The class structure is very different because as soon as we’ve offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the computer system registry not to change prices or take the domain far from you in the future. Our domain are one-time charges, so you never 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 nothing we can do. When you have it, we can’t update or modify or take the football away from you. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. But there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to construct. In regards to us beginning, it was a little easier for us to sort 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 enthusiasts. It’s a totally different domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.