Bitcoin Dominance Below 50 – Ultimate Crypto FAQ

Find Bitcoin Dominance Below 50…and today I’m incredibly thrilled to explore this idea of a decentralized web. When it comes to domains and the principle of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Are there stipulations attached to my registration?” The answer is no, you don’t own your domain name outright, however policies and regulations generally safeguard the domain from being taken from you. But at the end of the day,

it is entirely possible for your domain name to be taken. You’re renting it from the domain registry and they have complete control over what occurs with your domain name. 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 but you don’t own your domain. It’s actually difficult to own a standard domain. You might have observed, I stated conventional domain since a business’s dealing with a new kind of domain name that you can own outright. I had the opportunity to talk to 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 really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain since the domain name is kept by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, much like 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, no one can do it.

– Right now, when you go to buy a domain name you do not 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. If it’s a.com domain you’re trusting the computer system registry not to change rates or take the domain away from you in the future.

– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you?

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 concepts of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the web. The most significant bottleneck is that internet 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 adding assistance for their domains.