Of a decentralized web…Why China’s Bitcoin Mining Dominance Is Fading… do I really own my domain name outright?” Or, “Are there stipulations attached to my registration?” The answer is no, you don’t own your domain name outright, but policies and policies usually protect the domain from being drawn from you. But at the end of the day,|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,}
it is entirely possible for your domain to be taken. You’re leasing it from the domain computer registry and they have complete control over what occurs with your domain. I have actually spoken about this approved monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain. It’s actually difficult to own a conventional domain. You might have observed, I said conventional domain name since a company’s dealing with a new type of domain name that you can own outright. I had the possibility 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 simply thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a standard domain due to the fact that the domain name is kept by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, similar to a cryptocurrency would be. And what this does is it suggests 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 device, like your phone or your computer system or whatever. – Today, when you go to buy a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to seize a domain at any provided time. Now, this is technically incredibly rare, however it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. Because as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is really various. If it’s a.com domain you’re trusting the computer system registry not to alter costs or take the domain away from you in the future. Our domain names are one-time costs, so you never need to worry about it. When you buy a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t edit or update or take the football away from you. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly selling our own domains at unstoppabledomains.com today. 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 started, it was a little easier for us to sort of handle the entire user experience and construct all these special tools.
– Of course a brand-new type of domain name implies 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 name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. To be truthful, I still have problem with some of the principles of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the web. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.