Crypto Zoon – Ultimate Crypto FAQ

Find Crypto Zoon…and today I’m incredibly delighted to explore this concept 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 really own my domain outright?” Or, “Are there terms attached to my registration?” The answer is no, you do not own your domain name outright, but policies and guidelines typically secure the domain from being drawn from you. At the end of the day,

it is entirely possible for your domain name to be taken. You’re leasing it from the domain registry and they have complete control over what happens with your domain. I’ve discussed this sanctioned monopoly system before which you can learn more about in my “Domain frequently asked question” video but you do not own your domain name. It’s really difficult to own a standard domain. You might have observed, I said conventional domain due to the fact that a business’s working on a new kind of domain that you can own outright. I had the possibility 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 simply believed this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a standard domain since the domain name is stored by you, the user within your cryptocurrency wallet. So it’s stored inside of your wallet, similar to a cryptocurrency would be. And what this does is it suggests that nobody 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.

They need to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Today, when you go to buy 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 computer registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to seize a domain at any offered time. Now, this is technically very unusual, however it is possible. And it brings up a rising issue with our web, control. Brad calls this the class structure of a domain name system. – We’re a windows registry comparable to like a Verisign. Since once we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is really different. , if it’s a.com domain you’re relying on the windows registry not to change rates or take the domain away from you in the future.. Our domain names are one-time costs, so you never need to stress over it. As soon as you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t upgrade or modify or take the football away from you as soon as you have it. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I think that’s something that’s going to develop. In regards to us getting started, it was a little easier for us to sort of handle the whole user experience and build all these special tools.

If you were to like, you understand envision what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Of course a new type of domain implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or company but we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely different 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 probably seen this term appear all over recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a special digital product.

In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.