Find 26.88489161 Namecoin…and today I’m very excited to explore this principle of a decentralized web. So when it comes to domains and the principle of a decentralized web, much of you ask me, “Christian, do I in fact own my domain outright?” Or, “Are there specifications connected to my registration?” The answer is no, you do not own your domain name outright, but policies and regulations generally secure the domain from being taken from you. However at the end of the day,
it is entirely possible for your domain name to be seized. You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain. I’ve discussed this sanctioned monopoly system before which you can learn more about in my “Domain frequently asked question” video however you do not own your domain. It’s in fact impossible to own a standard domain. You may have observed, I said conventional domain name since a company’s working on a 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 just believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain since the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s kept within your wallet, similar to a cryptocurrency would be. And what this does is it indicates 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 or whatever. – Today, when you go to purchase a domain name you don’t in fact own it. You’re renting 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 secrets to every single.com domain. And that suggests they have the power to take a domain name at any provided time. Now, this is technically very unusual, but it is possible. And it raises an increasing problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer registry similar to like a Verisign. The class structure is really various because as soon as we’ve sold you a domain there’s nothing that we can do. If it’s a.com domain you’re relying on the pc registry not to change costs or take the domain away from you in the future. Our domain names are one-time fees, so you never ever need to worry about it. Once you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t edit or upgrade or take the football far from you as soon as you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. But there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to build. In terms of us beginning, it was a little much easier for us to sort of handle the entire user experience and construct all these unique tools.
If you were to like, you know picture what things are going to be like in 5 to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Naturally a new type of domain name indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or business however we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a totally various domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term turn up everywhere just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a special digital item.
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this brand-new domain system. To be truthful, I still fight with some of the ideas of cryptocurrency, and I’m not an expert in this space. 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 web. The most significant bottleneck 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 support for their domains.