Find Bitcoin Dominance Percentage Today…and today I’m super delighted to explore this concept of a decentralized web. So when it concerns domains and the idea of a decentralized web, a lot of you ask me, “Christian, do I really own my domain name outright?” Or, “Are there specifications attached to my registration?” The response is no, you do not own your domain name outright, but regulations and policies typically secure 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 renting it from the domain windows registry and they have full control over what occurs with your domain. 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 however you do not own your domain. It’s in fact difficult to own a traditional domain name. You may have observed, I said conventional domain due to the fact that a company’s working on a new type of domain name 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 simply thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain because the domain is stored by you, the user within your cryptocurrency wallet. So it’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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.
– Right now, when you go to buy a domain name you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. If it’s a.com domain you’re relying on the windows registry not to alter prices or take the domain away from you in the future.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, implying you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. To be sincere, I still fight with a few of the principles of cryptocurrency, and I’m not an expert in this space. However today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the internet. The biggest bottleneck is that internet 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 support for their domains.