Find Crypto Bot…and today I’m very thrilled to explore this concept of a decentralized web. When it comes to domains and the idea of a decentralized web, numerous of you ask me, “Christian, do I actually own my domain name outright?” Or, “Exist terms attached to my registration?” The response is no, you do not own your domain name outright, however policies and guidelines generally protect the domain from being drawn from you. But at the end of the day,
it is totally possible for your domain to be taken. You’re leasing it from the domain computer system registry and they have full control over what occurs with your domain name. I’ve spoken about this sanctioned monopoly system before which you can discover more about in my “Domain frequently asked question” video however you do not own your domain name. It’s actually difficult to own a conventional domain. You might have seen, I said traditional domain since a business’s dealing with a brand-new kind 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 simply thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is various than a traditional domain since the domain is stored by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it suggests 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, nobody can do it.
They need to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to seize a domain name at any offered time. Now, this is technically very unusual, but it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a pc registry similar to like a Verisign. Because when 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 registry not to alter costs or take the domain far from you in the future. Our domain names are one-time charges, so you never have to fret about it. Once you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t modify or upgrade or take the football away from you once you have it. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly 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 buy them. So, yeah, I think that’s something that’s going to construct. In regards to us starting, it was a little simpler for us to type of handle the entire user experience and build all these special tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally various domain name system, implying 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 brand-new domain system. To be truthful, I still fight with a few of the principles 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 biggest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.