Find Blockchain Domain Names…The response is no, you don’t own your domain name outright, but regulations and policies typically protect the domain from being taken from you. At the end of the day,
it is totally possible for your domain name to be taken. You’re leasing it from the domain pc registry and they have complete control over what happens with your domain. I’ve discussed this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you don’t own your domain name. It’s really difficult to own a conventional domain name. You might have discovered, I said traditional domain due to the fact that a company’s dealing with a brand-new type of domain name that you can own outright. I had the opportunity to talk to 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 really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain due to the fact that the domain name is stored by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, simply 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 do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer system registry. If it’s a.com domain you’re relying on the windows 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 resemble in 5 to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Naturally a new kind of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or company but we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term appear everywhere just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital product.
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 an option for this, thanks to Cloudflare including support for their domains.