Find Crypto Ira…and today I’m extremely delighted to explore this concept of a decentralized web. So when it pertains to domains and the concept of a decentralized web, a number of you ask me, “Christian, do I really own my domain name outright?” Or, “Exist stipulations attached to my registration?” The response is no, you do not own your domain name outright, but policies and policies normally 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 windows registry and they have full control over what happens 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 however you don’t own your domain. It’s actually difficult to own a traditional domain name. You might have seen, I said conventional domain name because a business’s working on a 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 truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a standard domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. It’s stored 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.
– Right now, when you go to purchase a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows registry. If it’s a.com domain you’re trusting the pc registry not to change rates or take the domain away from you in the future.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally various 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 declaring to understand all the technical specifics of this brand-new domain system. To be sincere, I still struggle with some of the principles of cryptocurrency, and I’m not a specialist in this space. But today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the internet. The biggest traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.