Find Blockchain Comes Under Which Domain…and today I’m extremely delighted to explore this principle of a decentralized web. When it comes to domains and the principle of a decentralized web, numerous of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there stipulations attached to my registration?” The answer is no, you don’t own your domain name outright, however regulations and policies normally safeguard the domain from being drawn from you. However at the end of the day,
You’re leasing it from the domain registry and they have complete control over what occurs with your domain name. You may have discovered, I said standard domain name since a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain since the domain name is kept by you, the user inside of your cryptocurrency wallet.
They need to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain 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 windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to take a domain at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it brings up a rising problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a pc registry comparable to like a Verisign. Due to the fact that when we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is very various. If it’s a.com domain you’re relying on the registry not to change prices or take the domain far from you in the future. Our domain are one-time charges, so you never need to stress over it. When you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t upgrade or edit or take the football away from you as soon as you have it. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. But there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I believe that’s something that’s going to construct. In terms of us beginning, it was a little much easier for us to type of handle the entire user experience and build all these special tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, meaning you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be truthful, I still deal with some of the concepts of cryptocurrency, and I’m not a specialist in this area. But today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the web. The most significant bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.