Find Crypto One…The response is no, you do not own your domain name outright, but policies and guidelines generally secure the domain from being taken from you. At the end of the day,
it is completely possible for your domain to be seized. You’re renting it from the domain registry and they have complete control over what occurs with your domain name. I have actually talked about this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s in fact impossible to own a standard domain name. You might have discovered, I stated traditional domain name because a business’s working on a brand-new kind of domain 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 thought this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a conventional domain since the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s kept 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 require to go and get your private key, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to seize a domain name at any given time. Now, this is technically extremely unusual, however it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer registry comparable to like a Verisign. Due to the fact that as soon as we’ve sold you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re trusting the registry not to change rates or take the domain away from you in the future. Our domain names are one-time charges, so you never ever have to stress over it. Once you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football away from you once you have it. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I think that’s something that’s going to construct. In terms of us getting going, it was a little much easier for us to type of handle the whole user experience and construct all these unique tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain name system, meaning 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 claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still deal with a few of the concepts of cryptocurrency, and I’m not an expert in this space. However 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 traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.