Find Crypto Domain…and today I’m extremely thrilled to explore this idea of a decentralized web. So 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, “Exist specifications connected to my registration?” The response is no, you do not own your domain name outright, but policies and guidelines generally secure the domain from being drawn from you. At the end of the day,
it is completely possible for your domain name to be seized. You’re leasing it from the domain windows registry and they have full control over what occurs with your domain. I have actually spoken about this sanctioned monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you don’t own your domain. It’s actually impossible to own a traditional domain name. You might have observed, I stated conventional domain because a business’s working on a brand-new kind of domain that you can own outright. I had the opportunity 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 just thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a conventional domain due to the fact that the domain is stored by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, similar to a cryptocurrency would be. And what this does is it means 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, no one can do it.
They need to go and get your personal secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to seize a domain name at any given time. Now, this is technically extremely uncommon, but it is possible. And it brings up a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry comparable to like a Verisign. Because as soon as we have actually sold you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re relying on the computer system registry not to change costs or take the domain far from you in the future. Our domain are one-time charges, so you never need to stress over 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. As soon as you have it, we can’t modify or update or take the football away from you. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. But 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 simpler for us to kind of handle the entire user experience and construct all these special tools.
If you were to like, you know imagine 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 type of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog or organization however we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You’ve most likely 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 claiming to comprehend all the technical specifics of this brand-new domain name system. To be honest, I still have problem with a few of the ideas of cryptocurrency, and I’m not an expert in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the web. The most significant bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.