Find Domains In Cryptocurrency…and today I’m super delighted to explore this idea of a decentralized web. So when it pertains to domains and the principle of a decentralized web, a lot of you ask me, “Christian, do I actually own my domain outright?” Or, “Are there terms connected to my registration?” The answer is no, you do not own your domain name outright, however policies and policies usually secure the domain from being drawn from you. But at the end of the day,
it is totally possible for your domain name to be taken. You’re leasing it from the domain computer registry and they have full control over what happens with your domain name. I’ve discussed this approved monopoly system prior to which you can find out more about in my “Domain FAQ” video however you do not own your domain name. It’s really impossible to own a traditional domain name. You may have noticed, I said standard domain name since a company’s working on a brand-new kind of domain that you can own outright. I had the possibility 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 simply believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain due to the fact that the domain is saved by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests 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 do not in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. If it’s a.com domain you’re trusting the computer registry not to change rates or take the domain away from you in the future.
But if you were to like, you know picture what things are going to resemble in 5 to 10 years. Yeah, there ought to be great deals of various sellers and resellers and things like that. – Of course a new type of domain suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog site or company however we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally various domain name system, suggesting 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 pop up all over just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain system. To be sincere, I still struggle with a few of the principles of cryptocurrency, and I’m not a specialist in this space. 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 web. The greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding assistance for their domains.