Find Bitcoin Losing Dominance…The response is no, you do not own your domain name outright, but policies and policies usually 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 computer system registry and they have complete control over what happens with your domain name. I have actually discussed this sanctioned monopoly system prior to which you can learn more about in my “Domain FAQ” video but you do not own your domain. It’s actually impossible to own a standard domain. You might have seen, I said traditional domain name due to the fact that a business’s dealing with a new type of domain 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 just thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain because the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, much like a cryptocurrency would be. And what this does is it indicates 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, nobody 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 renting it at wholesale prices from the domain computer registry. If it’s a.com domain you’re relying on the computer registry not to alter rates or take the domain away from you in the future.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.