Find Does Blockchain.Info Support Namecoin…and today I’m extremely excited to explore this concept of a decentralized web. So when it pertains to domains and the principle of a decentralized web, much of you ask me, “Christian, do I actually own my domain outright?” Or, “Are there stipulations attached to my registration?” The response is no, you do not own your domain name outright, but policies and policies typically secure the domain from being taken from you. However at the end of the day,
it is totally possible for your domain to be seized. You’re leasing it from the domain computer system registry and they have complete control over what happens with your domain name. I have actually talked about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s really difficult to own a conventional domain name. You might have seen, I said standard domain name since a company’s working on a new kind of domain name that you can own outright. I had the possibility to talk to 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 actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain because the domain name is kept by you, the user within your cryptocurrency wallet. So it’s stored within your wallet, much like a cryptocurrency would be. And what this does is it means that nobody else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
– Right now, when you go to acquire a domain name you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system registry. If it’s a.com domain you’re relying on the registry not to alter prices or take the domain away from you in the future.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there must be lots of different sellers and resellers and things like that. – Naturally a brand-new kind of domain means that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or organization however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term turn up everywhere recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.