Find .Blockchain Domain Extension…The response is no, you don’t own your domain name outright, but policies and policies normally protect the domain from being taken from you. At the end of the day,
it is completely possible for your domain to be seized. You’re leasing it from the domain computer registry and they have complete control over what happens with your domain name. I have actually talked about this approved monopoly system before which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain. It’s actually impossible to own a traditional domain name. You might have seen, I said traditional domain because a business’s dealing with a new kind of domain that you can own outright. I had the possibility 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 thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain since the domain is kept by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests 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.
They need to go and get your private key, which is on your device, like your phone or your computer or whatever. – Today, when you go to purchase a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to seize a domain at any provided time. Now, this is technically very rare, but it is possible. And it brings up an increasing problem with our web, control. Brad calls this the class structure of a domain system. – We’re a registry comparable to like a Verisign. Since as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is extremely various. , if it’s a.com domain you’re trusting the computer system registry not to alter rates or take the domain away from you in the future.. Our domain names are one-time charges, so you never ever have to fret about it. When you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. When you have it, we can’t modify or upgrade or take the football away from you. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to develop. In terms of us beginning, it was a little easier for us to type of manage the entire user experience and develop all these unique 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, implying 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 name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.