Find Crypto Mining…and today I’m extremely excited to explore this concept of a decentralized web. So when it comes to domains and the idea of a decentralized web, many of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there terms attached to my registration?” The answer is no, you do not own your domain name outright, however policies and guidelines normally protect the domain from being drawn from you. At the end of the day,
it is completely possible for your domain name to be seized. You’re leasing it from the domain computer registry and they have full control over what happens with your domain name. I’ve talked about this sanctioned monopoly system before which you can find out more about in my “Domain FAQ” video but you don’t own your domain. It’s actually impossible to own a conventional domain name. You might have discovered, I said conventional domain since a business’s working on a brand-new type of domain name that you can own outright. I had the chance to speak with 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 thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain due to the fact that the domain name is stored by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates 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.
– Right now, when you go to acquire a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer system registry. 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.
However if you were to like, you understand picture what things are going to resemble in 5 to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Of course a brand-new type of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or business but we could see some generic TLDs being provided in the future. In the meantime, 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 appear all over just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be honest, I still have problem with a few of the concepts of cryptocurrency, and I’m not a specialist in this space. However today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the web. The greatest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.