Find Does Namecoin Work?…The response is no, you don’t own your domain name outright, but regulations and policies normally safeguard the domain from being taken from you. At the end of the day,
it is totally possible for your domain name to be seized. You’re leasing it from the domain windows registry and they have full control over what happens with your domain. I have actually spoken about this sanctioned monopoly system before which you can find out more about in my “Domain FAQ” video but you don’t own your domain. It’s actually difficult to own a conventional domain. You might have observed, I stated traditional domain name due to the fact that a company’s working on a brand-new kind 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 just believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain since the domain is saved by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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 gadget, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which implies they have the power to seize a domain name at any given time. Now, this is technically exceptionally uncommon, but it is possible. And it raises an increasing problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a pc registry similar to like a Verisign. Since when we’ve offered you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re relying on the computer system registry not to change costs or take the domain away from you in the future. Our domain are one-time charges, so you never have to worry about it. Once you purchase a domain 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 update 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 instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to develop. In terms of us starting, it was a little much easier for us to sort of handle the whole user experience and develop all these unique tools.
If you were to like, you understand envision what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of various sellers and resellers and things like that. – Obviously a new type of domain name means that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog site or service however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely various domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term turn up all over recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this new domain name system. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.