Find Crypto Quantique…The response is no, you don’t own your domain name outright, but policies and regulations usually protect the domain from being taken from you. At the end of the day,
it is completely possible for your domain name to be taken. You’re renting it from the domain computer system registry and they have complete control over what occurs with your domain name. I’ve spoken about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video but you do not own your domain. It’s actually difficult to own a traditional domain name. You might have noticed, I said traditional domain because a business’s dealing with a new type of domain that you can own outright. I had the possibility 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 different than a standard domain since the domain name is kept by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates that nobody 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 in fact 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. If it’s a.com domain you’re relying on the computer 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 be like in 5 to 10 years. Yeah, there should be lots of various sellers and resellers and things like that. – Obviously a brand-new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog or company but we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a completely various domain system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term pop up everywhere recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a special digital item.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain system. To be truthful, I still fight 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 indicates for the future of the web. The biggest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.