Find Crypto Reddit…The answer is no, you don’t own your domain name outright, however policies and guidelines normally secure the domain from being taken from you. At the end of the day,
it is completely possible for your domain to be seized. You’re renting it from the domain windows registry and they have full control over what occurs with your domain name. I’ve spoken about this sanctioned monopoly system prior to which you can learn more about in my “Domain FAQ” video however you don’t own your domain name. It’s in fact difficult to own a traditional domain name. You might have seen, I said conventional domain name since a company’s dealing with a brand-new type of domain name that you can own outright. I had the opportunity 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 just thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a traditional domain due to the fact that the domain is stored by you, the user inside of your cryptocurrency wallet. So it’s kept 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 far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They need to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Today, 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 leasing it at wholesale rates from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to take a domain at any offered time. Now, this is technically incredibly unusual, however it is possible. And it brings up an increasing issue with our web, control. Brad calls this the class structure of a domain system. – We’re a pc registry comparable to like a Verisign. Due to the fact that once we have actually offered you a domain there’s nothing that we can do, the power structure is really various. If it’s a.com domain you’re relying on the pc registry not to alter prices or take the domain away from you in the future. Our domain are one-time charges, so you never need to stress over it. When you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t modify or update or take the football away from you. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. But there are a number of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I think that’s something that’s going to construct. In terms of us getting started, it was a little much easier for us to kind of manage the whole user experience and build all these unique tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally various domain name system, implying you can’t type craylor.crypto into your internet 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 new domain name system. To be truthful, I still deal with a few of the concepts of cryptocurrency, and I’m not an expert in this area. Today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the web. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.