Find Crypto-config Domain…and today I’m super thrilled to explore this idea of a decentralized web. So when it pertains to domains and the concept of a decentralized web, a number of you ask me, “Christian, do I in fact own my domain outright?” Or, “Exist terms connected to my registration?” The response is no, you do not own your domain name outright, however regulations and policies normally safeguard the domain from being taken from you. At the end of the day,
it is completely possible for your domain name to be seized. You’re renting it from the domain computer system registry and they have complete control over what happens with your domain. I’ve discussed this approved monopoly system before which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s really impossible to own a traditional domain. You may have noticed, I said standard domain because a business’s working on a new kind of domain that you can own outright. I had the possibility to interview 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, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a traditional domain because the domain is saved by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates 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 private secret, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices 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 take a domain name at any provided time. Now, this is technically extremely uncommon, however it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a registry comparable to like a Verisign. The class structure is very various since once we have actually offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the pc registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever need to fret about it. As soon as you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t modify or update or take the football away from you when you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I believe that’s something that’s going to build. In regards to us starting, it was a little easier for us to sort of handle the whole user experience and construct all these unique tools.
If you were to like, you know picture what things are going to be like in 5 to 10 years. Yeah, there should be great deals of different sellers and resellers and things like that. – Of course a brand-new kind of domain name means that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog site or service however we could see some generic TLDs being used in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a totally various domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term turn up everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a special digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain system. To be sincere, I still battle with some of the concepts of cryptocurrency, and I’m not an expert in this space. 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 internet. The greatest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.