Find Crypto Banter…and today I’m super excited to explore this principle of a decentralized web. When it comes to domains and the concept of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Are there terms connected to my registration?” The answer is no, you do not own your domain name outright, but policies and policies normally protect the domain from being taken from you. However at the end of the day,
it is completely possible for your domain name to be seized. You’re renting it from the domain registry and they have complete control over what occurs with your domain name. I’ve talked about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain. It’s actually difficult to own a standard domain. You may have noticed, I said standard domain name due to the fact that a business’s working on a brand-new type of domain name that you can own outright. I had the opportunity to speak with 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 actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain because the domain name is stored by you, the user inside of your cryptocurrency wallet. So it’s kept within your wallet, similar to a cryptocurrency would be. And what this does is it indicates that no one 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 in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain pc registry. If it’s a.com domain you’re trusting the windows registry not to alter rates or take the domain away from you in the future.
– 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 a totally different domain name system, indicating 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 declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.