Find Best Namecoin Wallet…and today I’m incredibly thrilled to explore this idea of a decentralized web. When it comes to domains and the idea of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Exist stipulations attached to my registration?” The answer is no, you do not own your domain name outright, however guidelines and policies generally protect the domain from being taken from you. At the end of the day,
You’re leasing it from the domain computer registry and they have complete control over what takes place with your domain name. You may have seen, I said standard domain name since a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain since the domain name is stored by you, the user inside of your cryptocurrency wallet.
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 acquire a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to take a domain at any offered time. Now, this is technically exceptionally uncommon, 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 registry similar to like a Verisign. The class structure is really different because as soon as we’ve sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re trusting the computer registry not to alter prices or take the domain away from you in the future. Our domain are one-time fees, so you never ever have to worry about it. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t edit or upgrade or take the football away from you. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. But there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to build. In regards to us beginning, it was a little much easier for us to sort of manage the whole user experience and develop all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various 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. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be sincere, I still have problem with a few of the concepts of cryptocurrency, and I’m not an expert in this area. 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 internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.