Find Bitcoin Dominance Under 50…The response is no, you do not own your domain name outright, however policies and policies normally protect the domain from being taken from you. At the end of the day,
it is entirely possible for your domain name to be seized. You’re renting it from the domain registry and they have full control over what occurs with your domain. I have actually discussed this sanctioned monopoly system before which you can discover 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 observed, I stated traditional domain because a business’s dealing with a brand-new type of domain name that you can own outright. I had the opportunity to talk to 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, actually 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 within your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates that nobody 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.
They need to go and get your private key, which is on your device, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to seize a domain name at any given time. Now, this is technically very uncommon, however it is possible. And it raises a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry comparable to like a Verisign. Due to the fact that once we’ve sold you a domain there’s nothing that we can do, the power structure is extremely various. If it’s a.com domain you’re trusting the computer registry not to change rates or take the domain away from you in the future. Our domain names are one-time fees, so you never need to worry about it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t upgrade or edit or take the football away from you. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to develop. In regards to us starting, it was a little simpler for us to sort of handle the entire user experience and develop all these special tools.
– 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, indicating you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.