Find Crypto Quiz…and today I’m incredibly excited to explore this concept of a decentralized web. When it comes to domains and the concept of a decentralized web, many of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Exist stipulations attached to my registration?” The response is no, you don’t own your domain name outright, however policies and guidelines usually protect the domain from being drawn from you. But at the end of the day,
it is totally possible for your domain to be taken. You’re leasing it from the domain registry and they have complete control over what happens with your domain. I’ve talked about this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you do not own your domain name. It’s really difficult to own a conventional domain name. You might have seen, I said traditional domain since a company’s dealing with a brand-new kind of domain name 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 simply thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a conventional domain because the domain name is stored by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, much like a cryptocurrency would be. And what this does is it implies 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.
They need to go and get your personal key, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to buy a domain name you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that suggests they have the power to take a domain name at any given time. Now, this is technically exceptionally unusual, however it is possible. And it raises an increasing problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer registry similar to like a Verisign. The power structure is very different because as soon as we have actually sold you a domain there’s nothing that we can do. If it’s a.com domain you’re trusting the registry not to change prices or take the domain far from you in the future. Our domain names are one-time fees, so you never ever have to stress over it. When you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football far from you once you have it. In the conventional world, there’s a great deal 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. However there are a number of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to build. In regards to us getting started, it was a little much easier for us to sort of handle the whole user experience and construct all these unique tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, suggesting 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 declaring to comprehend all the technical specifics of this brand-new domain system. To be truthful, I still struggle with some of the ideas of cryptocurrency, and I’m not an expert in this area. However today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the web. The greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.