Find Bitcoin Dominance Strategy…and today I’m super delighted to explore this idea of a decentralized web. When it comes to domains and the concept of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Exist terms attached to my registration?” The answer is no, you do not own your domain name outright, however policies and policies typically protect the domain from being taken from you. At the end of the day,
it is entirely possible for your domain to be seized. You’re renting it from the domain registry and they have full control over what occurs with your domain name. I have actually spoken about this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you don’t own your domain name. It’s in fact impossible to own a conventional domain. You might have seen, I said conventional domain name due to the fact that a business’s working on a brand-new type of domain that you can own outright. I had the chance 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 believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain since the domain name is kept 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 no one else can move the domain around, take it far 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 purchase a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. If it’s a.com domain you’re trusting the windows registry not to change rates or take the domain away from you in the future.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. 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 name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. To be sincere, I still have problem with a few of the ideas of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the internet. 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 solution for this, thanks to Cloudflare including assistance for their domains.