Find Can’t Buy Crypto With Credit Card…and today I’m incredibly thrilled to explore this principle of a decentralized web. When it comes to domains and the principle of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Are there stipulations attached to my registration?” The answer is no, you do not own your domain name outright, but policies and regulations usually secure the domain from being drawn from you. But at the end of the day,
You’re leasing it from the domain registry and they have complete control over what takes place with your domain name. You might have seen, I said standard domain name due to the fact that a company’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain since the domain name is stored 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 buy a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to seize a domain name at any provided time. Now, this is technically incredibly uncommon, however 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 computer system registry comparable to like a Verisign. Because once we have actually offered you a domain there’s nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re relying on the pc registry not to alter costs or take the domain far from you in the future. Our domain are one-time charges, so you never need to worry 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 far from you as soon as you have it. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I think that’s something that’s going to develop. In regards to us starting, it was a little easier for us to type of handle the entire user experience and construct all these special tools.
– Of course a brand-new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely different domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be sincere, I still deal with a few of the ideas of cryptocurrency, and I’m not a professional in this space. 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 greatest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.