Find Crypto University…and today I’m very thrilled to explore this principle of a decentralized web. So when it pertains 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, “Are there stipulations connected to my registration?” The response is no, you do not own your domain name outright, but policies and policies normally secure the domain from being taken from you. However at the end of the day,
You’re renting it from the domain registry and they have full control over what takes place with your domain name. You may have seen, I said traditional domain name since a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is different than a standard domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet.
– 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 leasing it at wholesale rates from the domain windows registry. If it’s a.com domain you’re trusting the windows registry not to alter prices 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 ten years. Yeah, there need to be lots of various sellers and resellers and things like that. – Of course a brand-new type 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 think of as being a perfect fit for your blog or company but we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is dealing with crypto lovers. It’s a completely different domain system, meaning you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term turn up everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain system. To be honest, I still have problem 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 however more on what it implies for the future of the internet. The greatest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.