Bitcoin Dominance Future – Ultimate Crypto FAQ

Find Bitcoin Dominance Future…and today I’m very thrilled to explore this concept 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 connected to my registration?” The answer is no, you do not own your domain name outright, but guidelines and policies typically safeguard the domain from being taken from you. But at the end of the day,

it is completely possible for your domain name to be taken. You’re leasing it from the domain computer registry and they have complete control over what happens with your domain. I have actually discussed this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video however you do not own your domain. It’s in fact difficult to own a standard domain name. You might have observed, I said traditional domain because a business’s dealing with a new kind of domain that you can own outright. I had the possibility 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 thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a conventional domain since the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s kept inside of 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 away 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 private key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to buy 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 computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to seize a domain name at any provided time. Now, this is technically extremely uncommon, but it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer system registry similar to like a Verisign. Because as soon as we’ve sold you a domain there’s nothing that we can do, the power structure is really various. If it’s a.com domain you’re relying on the computer registry not to change costs or take the domain far from you in the future. Our domain names are one-time fees, so you never ever have to worry about it. When you buy a domain it’s more like buying a football from us. Like there’s 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 standard 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 right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to build. In regards to us starting, it was a little simpler for us to kind of handle the whole user experience and construct all these unique tools.

If you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there should be lots of various sellers and resellers and things like that. – Of course a new type of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or organization however we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely different domain name system, implying you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term pop up everywhere just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital item.

In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.