Find Crypto Market…and today I’m incredibly delighted to explore this concept of a decentralized web. When it comes to domains and the idea of a decentralized web, numerous of you ask me, “Christian, do I really own my domain name outright?” Or, “Are there terms connected to my registration?” The answer is no, you don’t own your domain name outright, however guidelines and policies normally protect the domain from being drawn from you. But at the end of the day,
You’re renting it from the domain computer registry and they have complete control over what happens with your domain name. You might have noticed, I stated standard domain name because a company’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 conventional domain due to the fact that 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 don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. If it’s a.com domain you’re relying on the computer system registry not to alter costs or take the domain away from you in the future.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain name system, indicating 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 comprehend all the technical specifics of this new domain name system. To be truthful, I still deal with some of the principles of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the web. The most significant bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.