Find Blockchain Domains…The response is no, you don’t own your domain name outright, however policies and guidelines generally 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 renting it from the domain windows registry and they have complete control over what occurs with your domain name. I have actually discussed this sanctioned monopoly system before which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain. It’s really impossible to own a conventional domain. You may have noticed, I said standard domain name because a business’s working on a brand-new type of domain that you can own outright. I had the chance 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 believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain due to the fact that the domain name is stored by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, just like a cryptocurrency would be. And what this does is it means that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your personal secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain 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 registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to take a domain name at any provided time. Now, this is technically exceptionally uncommon, however it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. Since once we’ve offered you a domain there’s nothing that we can do, the power structure is really various. If it’s a.com domain you’re trusting the pc registry not to alter prices or take the domain far from you in the future. Our domain are one-time costs, so you never ever have to worry about it. When you purchase a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football far from you when you have it. In the traditional 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 today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to develop. In terms of us starting, it was a little much easier for us to sort of handle the whole user experience and develop 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 lovers. It’s an absolutely various 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. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be honest, I still have problem with a few of the ideas of cryptocurrency, and I’m not a professional in this space. But today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the internet. The most significant bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.