Of a decentralized web…Will Namecoin Go Up… do I actually own my domain name outright?” Or, “Exist specifications attached to my registration?” The answer is no, you do not own your domain name outright, but regulations and policies typically safeguard the domain from being drawn from you. However at the end of the day,|The answer is no, you don’t own your domain name outright, but regulations and policies generally 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 full control over what happens with your domain name. I’ve talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you don’t own your domain. It’s actually difficult to own a traditional domain. You may have discovered, I said standard domain name because a business’s working on a brand-new type of domain name that you can own outright. I had the chance 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 believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a conventional domain since the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, similar to a cryptocurrency would be. And what this does is it means that nobody 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 require to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to buy a domain you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to take a domain at any provided time. Now, this is technically exceptionally uncommon, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry similar to like a Verisign. The class structure is extremely different because once we’ve sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the pc registry not to alter rates or take the domain far from you in the future. Our domain are one-time fees, so you never need to fret about it. When you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t edit or upgrade or take the football far from you when you have it. In the traditional 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. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to build. In regards to us getting going, it was a little simpler for us to kind of handle the entire user experience and build all these unique tools.
But if you were to like, you know envision what things are going to resemble in 5 to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Naturally a new kind of domain indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog site or company however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term turn up all over recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.