Find Crypto Domain Marketplace…The response is no, you don’t own your domain name outright, but policies and policies usually safeguard the domain from being taken from you. At the end of the day,
it is totally possible for your domain name to be taken. You’re renting it from the domain registry and they have complete control over what happens with your domain name. I have actually spoken about this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain. It’s in fact difficult to own a standard domain name. You may have observed, I stated traditional domain name because a business’s dealing with a brand-new type 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 believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a conventional domain since the domain name is stored by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it suggests that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They require to go and get your private key, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates 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 provided time. Now, this is technically incredibly uncommon, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a pc registry comparable to like a Verisign. Because when we have actually sold you a domain there’s nothing that we can do, the power structure is extremely various. If it’s a.com domain you’re trusting the computer system registry not to alter prices or take the domain far from you in the future. Our domain are one-time charges, so you never need to stress over it. When you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t update or edit or take the football away from you as soon as you have it. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. However there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to develop. In regards to us beginning, it was a little much easier for us to sort of manage the whole user experience and build 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 enthusiasts. It’s a completely various domain name system, meaning 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 claiming to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.