Find Cryptotab…and today I’m extremely thrilled to explore this idea of a decentralized web. So when it pertains to domains and the principle of a decentralized web, a number of you ask me, “Christian, do I actually own my domain outright?” Or, “Exist specifications attached to my registration?” The answer is no, you don’t own your domain name outright, however policies and regulations normally safeguard the domain from being drawn from you. At the end of the day,
You’re renting it from the domain computer registry and they have full control over what takes place with your domain name. You might have seen, I stated conventional domain name since a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a traditional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet.
They require to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain name you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that implies they have the power to seize a domain name at any provided time. Now, this is technically very uncommon, but it is possible. And it brings up a rising problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a windows registry similar to like a Verisign. The class structure is really different since as soon as we have actually sold you a domain there’s nothing that we can do. If it’s a.com domain you’re trusting the pc registry not to alter costs or take the domain far from you in the future. Our domain names are one-time fees, so you never ever have to stress over it. As soon as 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 upgrade or modify or take the football away from you. In the conventional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily 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 instance, and you can buy them. Yeah, I think that’s something that’s going to build. In terms of us starting, it was a little much easier for us to kind of handle the whole user experience and develop all these special tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain name system, implying you can’t type craylor.crypto into your 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. To be honest, I still fight with some of the concepts of cryptocurrency, and I’m not a professional in this area. 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 internet. The most significant traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.