Find Bitcoin Dominance What Is…and today I’m extremely delighted to explore this idea of a decentralized web. When it comes to domains and the principle of a decentralized web, many of you ask me, “Christian, do I really own my domain name outright?” Or, “Exist terms connected to my registration?” The response is no, you don’t own your domain name outright, however policies and regulations normally safeguard the domain from being taken from you. At the end of the day,
it is completely possible for your domain to be taken. You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain. I have actually talked about this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video however you do not own your domain. It’s actually difficult to own a traditional domain. You might have seen, I stated conventional domain due to the fact that a business’s dealing with a brand-new kind of domain name 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 simply believed this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain because the domain is stored by you, the user within your cryptocurrency wallet. So it’s kept within your wallet, much like 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.
– Right now, when you go to purchase a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer registry. If it’s a.com domain you’re trusting the pc registry not to alter rates or take the domain away from you in the future.
However if you were to like, you know envision what things are going to be like in five to 10 years. Yeah, there must be lots of various sellers and resellers and things like that. – Of course a brand-new type of domain implies that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog or service however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a completely various domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term pop up all over just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent an unique digital product.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. To be sincere, I still fight with a few of the concepts of cryptocurrency, and I’m not a professional in this area. But 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 biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.