611 Versus Namecoin – Ultimate Crypto FAQ

Find 611 Versus Namecoin…and today I’m extremely delighted to explore this principle of a decentralized web. So when it concerns domains and the idea of a decentralized web, much of you ask me, “Christian, do I really own my domain name outright?” Or, “Are there specifications connected to my registration?” The answer is no, you do not own your domain name outright, however regulations and policies typically safeguard the domain from being taken from you. At the end of the day,

it is entirely possible for your domain to be seized. You’re leasing it from the domain windows registry and they have complete control over what happens with your domain. I have actually talked about this approved monopoly system prior to which you can find out more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s actually difficult to own a conventional domain. You might have observed, I stated standard domain name due to the fact that a company’s working on a new kind of domain that you can own outright. I had the opportunity 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 actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a conventional domain due to the fact that the domain is kept by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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 require to go and get your private secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to take a domain name at any provided time. Now, this is technically exceptionally uncommon, but it is possible. And it raises an increasing problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a pc registry similar to like a Verisign. The power structure is extremely various because when we have actually sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re trusting the registry not to alter rates or take the domain far from you in the future. Our domain names are one-time charges, so you never have to worry about it. When you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. When you have it, we can’t modify or upgrade or take the football away from you. In the conventional world, there’s a great deal 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. But there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to construct. In regards to us starting, it was a little easier for us to type of manage the entire user experience and develop all these unique 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 an absolutely various domain name system, suggesting you can’t type craylor.crypto into your 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. To be honest, I still battle with a few of the ideas of cryptocurrency, and I’m not a specialist in this area. But today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the internet. The greatest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.