Find Crypto Xyo…and today I’m incredibly delighted to explore this concept of a decentralized web. So when it comes to domains and the idea of a decentralized web, much of you ask me, “Christian, do I in fact own my domain outright?” Or, “Exist terms attached to my registration?” The response is no, you don’t own your domain name outright, but regulations and policies generally protect the domain from being drawn from you. At the end of the day,
You’re leasing it from the domain pc registry and they have full control over what happens with your domain name. You may have seen, I said standard domain name since a company’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 kept by you, the user inside of your cryptocurrency wallet.
They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to acquire a domain you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to take a domain at any offered time. Now, this is technically incredibly rare, but it is possible. And it raises an increasing problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. Because when we’ve offered you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re trusting the windows registry not to change rates or take the domain far from you in the future. Our domain names are one-time fees, so you never have to worry about it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t upgrade or modify or take the football far from you when you have it. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to build. In regards to us getting going, it was a little easier for us to sort of handle the entire user experience and build all these special tools.
But if you were to like, you understand picture what things are going to resemble in five to 10 years. Yeah, there must be lots of various sellers and resellers and things like that. – Of course 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. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog or service but we could see some generic TLDs being provided 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 internet browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term appear everywhere just 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. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be truthful, I still deal with a few of the concepts 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 however more on what it suggests 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 solution for this, thanks to Cloudflare including assistance for their domains.