Find Crypto Stocks…and today I’m incredibly delighted to explore this idea of a decentralized web. When it comes to domains and the principle of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Exist specifications attached to my registration?” The response is no, you do not own your domain name outright, but regulations and policies generally safeguard the domain from being drawn from you. But at the end of the day,
it is entirely possible for your domain name to be seized. You’re renting it from the domain computer system registry and they have full control over what happens with your domain. I’ve talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video but you do not own your domain name. It’s really difficult to own a traditional domain. You might have noticed, I stated standard domain because a company’s working on a brand-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 thought this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a standard domain due to the fact that the domain is kept by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, simply 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.
– Right now, when you go to purchase a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer registry. If it’s a.com domain you’re relying on the pc registry not to change prices or take the domain away from you in the future.
If you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of various sellers and resellers and things like that. – Obviously a new kind of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or service but we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s an absolutely different domain name system, indicating you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term appear everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. To be honest, I still fight with a few of the principles of cryptocurrency, and I’m not a professional in this area. 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 most significant traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.