Find Crypto Voucher…and today I’m incredibly excited to explore this principle of a decentralized web. So when it comes to domains and the concept of a decentralized web, a number of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there stipulations attached to my registration?” The answer is no, you do not own your domain name outright, however policies and guidelines normally protect the domain from being drawn from you. However at the end of the day,
it is completely possible for your domain to be taken. You’re leasing it from the domain registry and they have full control over what occurs with your domain. I have actually discussed this approved monopoly system before which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain. It’s really difficult to own a conventional domain. You may have discovered, I said standard domain name because a company’s dealing with a brand-new type of domain name that you can own outright. I had the chance 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 believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a traditional domain because the domain name is saved by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, similar to 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, no one can do it.
– Right now, when you go to buy a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. If it’s a.com domain you’re relying on the computer registry not to change prices or take the domain away from you in the future.
– Of course a new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be sincere, I still have problem with some of the ideas of cryptocurrency, and I’m not a specialist in this area. 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 most significant traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.