Find Crypto Jokes…and today I’m incredibly delighted to explore this idea of a decentralized web. When it comes to domains and the principle of a decentralized web, many of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Exist stipulations connected to my registration?” The response is no, you don’t own your domain name outright, but policies and regulations generally protect the domain from being taken from you. At the end of the day,
You’re renting it from the domain computer system registry and they have complete control over what happens with your domain name. You may have observed, I said standard domain name because a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain since the domain name is kept by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to purchase a domain name you do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain pc registry. If it’s a.com domain you’re trusting the registry not to alter prices or take the domain away from you in the future.
If you were to like, you know imagine 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. – Of course a new type of domain name indicates that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog site or company however we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s a completely various domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term pop up everywhere just recently. Non-fungible tokens are units 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 understand all the technical specifics of this new domain system. To be honest, I still deal with a few of the ideas of cryptocurrency, and I’m not a specialist 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 internet. The biggest bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.