Find Crypto Domain Expert…The answer is no, you don’t own your domain name outright, but guidelines and policies usually safeguard 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 leasing it from the domain registry and they have complete control over what occurs with your domain. I’ve spoken about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video but you do not own your domain. It’s actually difficult to own a traditional domain name. You might have noticed, I said standard domain because a business’s working on a brand-new type 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 believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain since the domain name is kept by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it means 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, no one can do it.
They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to seize a domain at any offered time. Now, this is technically extremely rare, but it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. Since when we’ve sold you a domain there’s nothing that we can do, the power structure is very different. , if it’s a.com domain you’re relying on the windows registry not to alter rates or take the domain away from you in the future.. Our domain names are one-time fees, so you never ever have to fret about it. As soon as you purchase a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t upgrade or modify or take the football away from you as soon as you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to develop. In terms of us beginning, it was a little much easier for us to sort of manage the whole user experience and construct all these special tools.
But if you were to like, you understand envision what things are going to be like in 5 to 10 years. Yeah, there should be lots of various sellers and resellers and things like that. – Naturally a new kind of domain name indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or company however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s a completely various domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term appear everywhere just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.