Find Cryptoblades…The response is no, you don’t own your domain name outright, but policies and guidelines typically protect the domain from being taken from you. At the end of the day,
it is completely possible for your domain to be seized. You’re leasing it from the domain pc registry and they have complete control over what happens with your domain. I have actually spoken about this sanctioned monopoly system before which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain. It’s actually difficult to own a standard domain. You may have noticed, I said standard domain name due to the fact that a business’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 simply thought this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain because the domain is saved by you, the user within your cryptocurrency wallet. So it’s kept 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 away 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 personal secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to acquire a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to seize a domain at any given time. Now, this is technically extremely unusual, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a registry similar to like a Verisign. Since once we’ve sold you a domain there’s nothing that we can do, the power structure is really different. If it’s a.com domain you’re relying on the pc registry not to change prices or take the domain far from you in the future. Our domain names are one-time charges, so you never have to fret about it. When you purchase a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t update or modify or take the football away from you when you have it. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly 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 purchase them. So, yeah, I believe that’s something that’s going to construct. In terms of us getting started, it was a little simpler for us to type of handle the whole user experience and construct all these unique tools.
However if you were to like, you understand envision what things are going to resemble in 5 to ten years. Yeah, there need to be great deals of various sellers and resellers and things like that. – Naturally a new kind of domain name indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re used 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 company but we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term turn up all over just 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 new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.