Find Cryptocurrency Domain Name List…and today I’m incredibly thrilled to explore this idea of a decentralized web. So when it pertains to domains and the principle of a decentralized web, many of you ask me, “Christian, do I actually own my domain outright?” Or, “Exist specifications connected to my registration?” The response is no, you don’t own your domain name outright, however regulations and policies normally protect the domain from being taken from you. At the end of the day,
it is completely possible for your domain name to be taken. You’re leasing it from the domain windows 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 learn more about in my “Domain FAQ” video but you do not own your domain. It’s in fact difficult to own a standard domain name. You may have seen, I stated standard domain since a company’s dealing with a brand-new kind of domain name that you can own outright. I had the possibility to speak with 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 just believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain since 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 means 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 private key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to take a domain name at any offered time. Now, this is technically exceptionally uncommon, 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 computer registry comparable to like a Verisign. Since when we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is extremely various. , if it’s a.com domain you’re trusting the computer system registry not to alter rates or take the domain away from you in the future.. Our domain names are one-time fees, so you never ever need to worry about it. As soon as you purchase 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 as soon as you have it. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com right now. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to construct. In terms of us getting going, it was a little much easier for us to type of manage the whole user experience and develop all these special tools.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain name system, meaning you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. To be honest, I still have problem with some of the principles of cryptocurrency, and I’m not a professional in this area. But today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the web. The greatest bottleneck is that internet 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 adding support for their domains.