Bitcoin Dominance Prediction – Ultimate Crypto FAQ

Find Bitcoin Dominance Prediction…and today I’m very excited to explore this concept of a decentralized web. When it comes to domains and the principle of a decentralized web, numerous of you ask me, “Christian, do I actually own my domain name outright?” Or, “Are there specifications connected to my registration?” The response is no, you don’t own your domain name outright, however policies and regulations generally safeguard the domain from being drawn from you. At the end of the day,

it is entirely possible for your domain name to be seized. You’re leasing it from the domain windows registry and they have complete control over what happens with your domain. I’ve discussed this sanctioned monopoly system before which you can find out more about in my “Domain FAQ” video but you do not own your domain. It’s really impossible to own a conventional domain. You may have noticed, I said traditional domain name since a company’s dealing with a brand-new kind of domain that you can own outright. I had the opportunity 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, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a traditional domain because the domain name is stored by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, similar to a cryptocurrency would be. And what this does is it means 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.

They require to go and get your personal key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to take a domain name at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it brings up an increasing issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a registry similar to like a Verisign. The power structure is very various due to the fact that once we have actually sold you a domain there’s nothing that we can do. , if it’s a.com domain you’re relying on the windows registry not to change costs or take the domain away from you in the future.. Our domain are one-time costs, so you never ever have to worry about it. Once you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. Once you have it, we can’t upgrade or edit or take the football away from you. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to develop. In regards to us beginning, it was a little much easier for us to kind of handle the entire user experience and develop all these special 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 different domain name system, implying 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 comprehend all the technical specifics of this new domain system. To be truthful, I still deal with some of the principles 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 but more on what it indicates for the future of the internet. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.