Find Blockchain Domain .Zil…and today I’m extremely excited to explore this idea of a decentralized web. When it comes to domains and the concept of a decentralized web, many of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Exist specifications connected to my registration?” The response is no, you don’t own your domain name outright, however policies and policies normally secure the domain from being drawn from you. At the end of the day,
it is totally 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 happens with your domain. I have actually spoken about this sanctioned monopoly system before which you can discover more about in my “Domain FAQ” video but you do not own your domain name. It’s actually impossible to own a standard domain name. You might have seen, I stated conventional domain name due to the fact that a company’s dealing with a new type of domain name that you can own outright. I had the possibility 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 just thought this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain due to the fact that the domain name is kept by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it means 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 require to go and get your personal key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to purchase a domain you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that means they have the power to seize a domain at any offered time. Now, this is technically incredibly uncommon, but it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a registry similar to like a Verisign. The class structure is extremely various due to the fact that once we’ve sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the registry not to alter prices or take the domain far from you in the future. Our domain names are one-time fees, so you never have to fret about it. Once you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t edit or upgrade or take the football away from you once you have it. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to develop. In terms of us getting going, it was a little much easier for us to kind of handle the whole user experience and construct all these special tools.
But if you were to like, you understand imagine what things are going to resemble in 5 to ten years. Yeah, there need to be lots of various sellers and resellers and things like that. – Naturally a brand-new type of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog or organization but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a totally various domain system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term appear all over just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital item.
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this new domain system. To be truthful, I still struggle with some of the ideas of cryptocurrency, and I’m not a specialist in this space. However today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the web. The most significant bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.