Crypto Ledger – Ultimate Crypto FAQ

Find Crypto Ledger…and today I’m incredibly thrilled to explore this concept 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 specifications attached to my registration?” The response is no, you don’t 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 seized. You’re renting it from the domain registry and they have full control over what occurs with your domain. I’ve spoken about this approved monopoly system prior to which you can find out more about in my “Domain FAQ” video but you do not own your domain name. It’s really impossible to own a standard domain. You might have discovered, I stated conventional domain since a business’s dealing with a brand-new kind of domain name 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 believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a conventional domain due to the fact that the domain is stored by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, just like 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 key, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy a domain name you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that indicates they have the power to seize a domain at any offered time. Now, this is technically incredibly rare, however it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a windows registry similar to like a Verisign. The power structure is very various due to the fact that as soon as we have actually sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the registry not to change costs or take the domain away from you in the future. Our domain are one-time fees, so you never have to stress over it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. Once you have it, we can’t upgrade or modify 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 primarily 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 believe that’s something that’s going to develop. In terms of us starting, it was a little simpler for us to sort of handle the entire user experience and build all these special tools.

But if you were to like, you understand envision what things are going to resemble in 5 to 10 years. Yeah, there should be lots of different sellers and resellers and things like that. – Obviously a brand-new type of domain name indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or business but we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term pop up everywhere just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a special 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 adding assistance for their domains.