Find Bitcoin Dominance Ne Işe Yarar…and today I’m incredibly delighted to explore this idea of a decentralized web. So when it concerns domains and the concept of a decentralized web, a lot of you ask me, “Christian, do I in fact own my domain outright?” Or, “Are there specifications attached to my registration?” The response is no, you do not own your domain name outright, but policies and guidelines normally safeguard the domain from being drawn from you. At the end of the day,
it is entirely possible for your domain name to be taken. You’re leasing it from the domain computer registry and they have complete control over what occurs with your domain name. I have actually talked about this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s in fact difficult to own a standard domain name. You might have noticed, I said conventional domain because a company’s dealing with a brand-new type 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 just thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a traditional domain since the domain is stored by you, the user within your cryptocurrency wallet. So it’s stored inside of your wallet, similar to a cryptocurrency would be. And what this does is it indicates 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 don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain pc registry. If it’s a.com domain you’re relying on the pc registry not to change prices or take the domain away from you in the future.
– Of course a brand-new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally 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 declaring to understand all the technical specifics of this brand-new domain system. To be sincere, I still fight with some of the concepts of cryptocurrency, and I’m not an expert in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the internet. The biggest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.