Find Crypto Whale…and today I’m extremely thrilled to explore this idea of a decentralized web. So when it concerns domains and the concept of a decentralized web, a number of you ask me, “Christian, do I in fact own my domain outright?” Or, “Are there terms attached to my registration?” The answer is no, you don’t own your domain name outright, but policies and policies generally protect the domain from being taken from you. But at the end of the day,
You’re renting it from the domain windows registry and they have complete control over what occurs with your domain name. You may have seen, I stated standard domain name because a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is different than a conventional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet.
– Right now, when you go to acquire a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices 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.
If you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Obviously a brand-new type of domain 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 an ideal fit for your blog or company but we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s a totally different domain system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term turn up everywhere recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain system. To be truthful, I still struggle with a few of the ideas of cryptocurrency, and I’m not a specialist in this space. 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 bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.