Find Crypto Gecko…The response is no, you don’t own your domain name outright, however guidelines and policies typically safeguard the domain from being taken from you. At the end of the day,
it is entirely possible for your domain to be taken. You’re leasing it from the domain computer registry and they have complete control over what happens with your domain. I’ve discussed this sanctioned monopoly system prior to which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s really impossible to own a standard domain. You might have seen, I stated traditional domain name due to the fact that a business’s working on a brand-new kind of domain name that you can own outright. I had the chance 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 just thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a standard domain because the domain is saved by you, the user inside of your cryptocurrency wallet. It’s kept 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 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 private key, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to take a domain name at any given time. Now, this is technically exceptionally unusual, however it is possible. And it raises an increasing problem with our web, control. Brad calls this the power structure of a domain system. – We’re a computer system registry comparable to like a Verisign. The power structure is very various since once we’ve offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the computer registry not to change costs or take the domain far from you in the future. Our domain are one-time fees, so you never have to worry about it. As soon as you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t update or edit or take the football away from you. In the conventional world, there’s a great deal of these resellers. Therefore 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 purchase them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to build. In regards to us getting going, it was a little simpler for us to type of handle the whole user experience and construct all these unique tools.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Obviously a brand-new kind of domain implies that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog or service however we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely various domain system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term pop up all over recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.