Find Everything To Do With Cryptocurrencies And Blockchains Is The Domain Of Fast-talking Conmen…and today I’m super thrilled to explore this principle of a decentralized web. So when it concerns domains and the idea of a decentralized web, much of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Exist terms connected to my registration?” The answer is no, you do not own your domain name outright, however policies and policies usually safeguard the domain from being taken from you. However at the end of the day,
it is completely possible for your domain name to be taken. You’re renting it from the domain registry and they have full control over what occurs with your domain. I’ve discussed this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video however you do not own your domain. It’s really impossible to own a traditional domain. You might have discovered, I said traditional domain name since a business’s dealing with a brand-new kind of domain name that you can own outright. I had the chance 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 just thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a standard domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, similar to a cryptocurrency would be. And what this does is it suggests that no one else can move the domain around, take it far 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 secret, which is on your gadget, like your phone or your computer or whatever. – Today, 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. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to seize a domain at any given time. Now, this is technically incredibly uncommon, however it is possible. And it brings up a rising problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer system registry similar to like a Verisign. Because once we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is very different. If it’s a.com domain you’re relying on the computer system registry not to change prices or take the domain far from you in the future. Our domain names are one-time costs, so you never ever need to stress over it. When you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t upgrade or modify or take the football far from you once you have it. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. But there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I think that’s something that’s going to construct. In regards to us getting started, it was a little much easier for us to type of manage the entire user experience and construct all these unique 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, meaning you can’t type craylor.crypto into your internet browser and load it or can you?
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.