Find Bitcoin Dominance Waning…and today I’m extremely excited to explore this principle of a decentralized web. So when it comes to domains and the concept of a decentralized web, a lot of you ask me, “Christian, do I really own my domain outright?” Or, “Exist stipulations connected to my registration?” The answer is no, you do not own your domain name outright, however policies and policies usually safeguard the domain from being drawn from you. However at the end of the day,
it is entirely possible for your domain to be seized. You’re leasing it from the domain windows registry and they have full control over what happens with your domain name. I have actually spoken about this approved monopoly system before which you can learn more about in my “Domain frequently asked question” video but you do not own your domain. It’s really difficult to own a traditional domain name. You may have seen, I stated standard domain name due to the fact that a business’s dealing with a new type of domain name that you can own outright. I had the chance 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 simply believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain due to the fact that the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s kept within your wallet, much like a cryptocurrency would be. And what this does is it indicates 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.
They need to go and get your personal key, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which indicates they have the power to take a domain name at any offered time. Now, this is technically incredibly uncommon, but it is possible. And it raises a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a computer registry similar to like a Verisign. Because once we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is really various. , if it’s a.com domain you’re relying on the computer registry not to change rates or take the domain away from you in the future.. Our domain are one-time fees, so you never have to stress over it. When you buy a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t edit or upgrade or take the football away from you. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to construct. In regards to us getting going, it was a little much easier for us to sort of manage the entire user experience and develop all these special tools.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Obviously a brand-new kind of domain name indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or service but we could see some generic TLDs being used in the future. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain system, meaning you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term appear everywhere just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent an unique digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.