Find Crypto Investment…The answer is no, you do not own your domain name outright, however policies and policies typically secure the domain from being taken from you. At the end of the day,
it is completely possible for your domain name to be taken. You’re renting it from the domain computer registry and they have full control over what occurs with your domain. I’ve spoken about this sanctioned monopoly system before which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s really difficult to own a standard domain. You might have noticed, I stated traditional domain name because a company’s working on a brand-new type of domain 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 believed this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain because the domain name is kept by you, the user within your cryptocurrency wallet. So it’s kept within your wallet, much like a cryptocurrency would be. And what this does is it implies 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 require to go and get your private key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to purchase a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to seize a domain name at any given time. Now, this is technically very rare, however it is possible. And it brings up a rising issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. Because once 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 trusting the computer registry not to alter prices or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever have to stress over it. When you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. We can’t upgrade or modify or take the football far from you once you have it. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly offering 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 purchase them. Yeah, I think that’s something that’s going to develop. In terms of us starting, it was a little much easier for us to sort of manage the whole user experience and develop all these special tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, suggesting 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 comprehend all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.