Find Amazon Blockchain Domains…The answer is no, you do not own your domain name outright, however policies and policies normally secure the domain from being taken from you. At the end of the day,
it is totally possible for your domain to be seized. You’re renting it from the domain registry and they have complete control over what happens with your domain. I’ve spoken about this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video but you don’t own your domain name. It’s really difficult to own a standard domain name. You might have observed, I said traditional domain name since a company’s dealing with a brand-new kind of domain name that you can own outright. I had the opportunity to speak with 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 truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a standard domain because the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s saved inside of your wallet, similar to a cryptocurrency would be. And what this does is it implies that nobody 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 require to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to buy a domain you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates 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 seize a domain at any given time. Now, this is technically very unusual, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the class structure of a domain system. – We’re a pc registry similar to like a Verisign. The class structure is extremely different due to the fact that once we have actually offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re trusting the computer system registry not to change rates or take the domain far from you in the future. Our domain names are one-time charges, so you never ever need to fret about it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. As soon as you have it, we can’t modify or upgrade 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 instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I believe that’s something that’s going to develop. In regards to us beginning, it was a little much easier for us to type of handle the entire user experience and construct all these special tools.
If you were to like, you understand picture what things are going to be like in five to 10 years. Yeah, there should be great deals of different sellers and resellers and things like that. – Of course a new kind of domain means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or organization however we might 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, meaning you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term pop up all over just recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.