Find Crypto Zoo Logan Paul…and today I’m super delighted to explore this concept of a decentralized web. When it comes to domains and the principle of a decentralized web, many of you ask me, “Christian, do I really own my domain name outright?” Or, “Are there specifications connected to my registration?” The response is no, you do not own your domain name outright, but policies and policies usually secure the domain from being taken from you. But at the end of the day,
You’re renting it from the domain pc registry and they have full control over what occurs with your domain name. You may have noticed, I stated conventional domain name due to the fact that a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is various than a standard domain because the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain 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. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to seize a domain name at any provided time. Now, this is technically incredibly unusual, but it is possible. And it brings up an increasing problem with our web, control. Brad calls this the class structure of a domain name system. – We’re a registry comparable to like a Verisign. Due to the fact that once we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is extremely different. , if it’s a.com domain you’re trusting the windows registry not to change costs or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever have to stress over it. Once 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 edit or update or take the football away from you as soon as you have it. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. But there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to construct. In terms of us starting, it was a little easier for us to sort of handle the whole user experience and build all these unique tools.
If you were to like, you understand imagine what things are going to be like in five to 10 years. Yeah, there should be lots of various sellers and resellers and things like that. – Of course a brand-new type of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog site or service however we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain name 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 pop up everywhere just recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain name system. To be sincere, I still deal with some of the ideas of cryptocurrency, and I’m not a professional 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 web. The biggest bottleneck 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.