Find Cryptocurrency Trading Names…The answer is no, you don’t own your domain name outright, however policies and policies generally 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 renting it from the domain pc registry and they have complete control over what occurs with your domain. I’ve discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s actually difficult to own a traditional domain name. You may have observed, I stated conventional domain since a business’s dealing with a new type of domain name 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 thought this was truly, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain because the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, just like a cryptocurrency would be. And what this does is it suggests that no one 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. – Today, when you go to purchase a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to seize a domain name at any given time. Now, this is technically exceptionally unusual, but it is possible. And it brings up a rising problem with our web, control. Brad calls this the power structure of a domain system. – We’re a registry comparable to like a Verisign. Since once we have actually 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 alter rates or take the domain away from you in the future. Our domain are one-time fees, so you never have to worry about it. When you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. As soon as you have it, we can’t upgrade or edit or take the football away from you. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. But there are a number 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 build. In terms of us beginning, it was a little simpler for us to kind of manage the entire user experience and build all these special tools.
But if you were to like, you understand picture what things are going to resemble in five to 10 years. Yeah, there must be lots of various sellers and resellers and things like that. – Obviously a new kind of domain suggests 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 an ideal suitable for your blog site or company however we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is catering to crypto lovers. It’s a completely various domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term appear everywhere just recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this new domain system. To be honest, I still struggle with some of the concepts of cryptocurrency, and I’m not an expert in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it indicates for the future of the internet. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding support for their domains.