Find Crypto Portfolio Tracker…and today I’m incredibly thrilled to explore this concept of a decentralized web. When it comes to domains and the idea of a decentralized web, many of you ask me, “Christian, do I really own my domain name outright?” Or, “Exist specifications attached to my registration?” The answer is no, you do not own your domain name outright, however guidelines and policies normally safeguard the domain from being drawn from you. At the end of the day,
it is totally possible for your domain to be seized. You’re renting it from the domain computer registry and they have full control over what happens with your domain name. I have actually talked about this approved monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain. It’s in fact difficult to own a traditional domain name. You might have seen, I stated conventional domain name since 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 believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a traditional domain because the domain name is saved by you, the user within your cryptocurrency wallet. So it’s stored inside of your wallet, similar to a cryptocurrency would be. And what this does is it means that nobody 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 personal key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain pc registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests 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 a rising problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a registry comparable to like a Verisign. The class structure is extremely various since once we’ve offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the windows registry not to change rates or take the domain away from you in the future.. Our domain names are one-time costs, so you never need to worry about it. As soon as you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. When you have it, we can’t update or modify or take the football away from you. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. 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 believe that’s something that’s going to develop. In regards to us beginning, it was a little easier for us to type of handle the entire user experience and build all these special tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, meaning you can’t type craylor.crypto into your web 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 brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including assistance for their domains.