Find Bitcoin To Namecoin…and today I’m extremely delighted to explore this concept of a decentralized web. So when it concerns domains and the idea of a decentralized web, many of you ask me, “Christian, do I actually own my domain outright?” Or, “Are there specifications attached to my registration?” The response is no, you do not own your domain name outright, however regulations and policies normally safeguard the domain from being taken from you. However at the end of the day,
it is completely possible for your domain name to be seized. You’re leasing it from the domain computer system registry and they have complete control over what occurs with your domain. I’ve spoken about this approved monopoly system prior to which you can learn more about in my “Domain FAQ” video but you do not own your domain name. It’s in fact impossible to own a standard domain. You might have noticed, I said standard domain due to the fact that a company’s dealing with a new type of domain that you can own outright. I had the opportunity 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 believed this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a standard domain due to the fact that the domain name is stored by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it implies 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, nobody 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. – Right now, when you go to acquire a domain you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to take a domain at any offered time. Now, this is technically very unusual, but it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a windows registry similar to like a Verisign. The power structure is extremely different since when we have actually offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re trusting the pc registry not to change rates or take the domain away from you in the future.. Our domain are one-time fees, so you never need to fret about it. Once you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t update or modify or take the football away from you. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I think that’s something that’s going to construct. In terms of us getting going, it was a little easier for us to kind of handle the whole user experience and develop all these special tools.
But if you were to like, you know imagine what things are going to resemble in five to ten years. Yeah, there need to be lots of different sellers and resellers and things like that. – Obviously a brand-new type of domain means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or service however we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various domain name 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 pop up all over just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.