Find Crypto Quant…and today I’m extremely excited to explore this concept of a decentralized web. So when it comes to domains and the concept of a decentralized web, many of you ask me, “Christian, do I really own my domain outright?” Or, “Exist specifications attached to my registration?” The response is no, you do not own your domain name outright, but policies and policies usually protect the domain from being taken from you. At the end of the day,
it is totally possible for your domain name to be seized. You’re leasing it from the domain pc registry and they have full control over what happens with your domain. 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 noticed, I stated standard domain name since a business’s working on a brand-new kind of domain that you can own outright. I had the chance to interview 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 simply thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a conventional domain since the domain name is stored by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates that no one else can move the domain around, take it away 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 really own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain computer registry. If it’s a.com domain you’re relying on the registry not to alter rates or take the domain away from you in the future.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be truthful, I still deal with some of the concepts of cryptocurrency, and I’m not an expert in this space. But 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 most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.