Find Crypto Options…The answer is no, you don’t own your domain name outright, but regulations 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 name. I have actually discussed 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 really impossible to own a conventional domain. You might have noticed, I stated conventional domain name since a business’s working on a brand-new type of domain that you can own outright. I had the chance 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 truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a traditional domain since the domain is kept by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, similar to 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.
– Right now, when you go to purchase a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain windows registry. If it’s a.com domain you’re trusting the windows registry not to change prices or take the domain away from you in the future.
– Of course a brand-new type of domain name indicates 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 browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.