Find Cryptocurrency Domain…The answer is no, you don’t own your domain name outright, however guidelines and policies generally safeguard the domain from being taken from you. At the end of the day,
it is entirely possible for your domain to be taken. You’re renting it from the domain registry and they have full control over what occurs with your domain. I have actually talked about this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you do not own your domain name. It’s in fact impossible to own a standard domain name. You might have discovered, I stated conventional domain because a business’s dealing with a new type of domain that you can own outright. I had the opportunity 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 thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests that no one 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 require to go and get your private key, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain name you don’t actually 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 keys to every single.com domain. Which suggests they have the power to take a domain at any offered time. Now, this is technically exceptionally uncommon, however it is possible. And it raises 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 as soon as we’ve offered you a domain there’s nothing that we can do, the power structure is very different. 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 ever need to worry about it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t edit or upgrade or take the football away from you. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly 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 example, and you can purchase them. So, yeah, I think that’s something that’s going to develop. In terms of us beginning, it was a little easier for us to sort of manage the whole user experience and develop all these special tools.
– Of course a brand-new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, indicating you can’t type craylor.crypto into your internet browser and load it or can you?
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 service for this, thanks to Cloudflare adding assistance for their domains.