Find Found Old Namecoin Wallet.Dat…and today I’m super excited to explore this idea of a decentralized web. So when it comes to domains and the concept of a decentralized web, a number of you ask me, “Christian, do I really own my domain name outright?” Or, “Exist terms attached to my registration?” The response is no, you do not own your domain name outright, but guidelines and policies normally secure the domain from being drawn from you. At the end of the day,
it is completely possible for your domain to be taken. You’re renting it from the domain pc registry and they have full control over what happens with your domain. I’ve talked about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s in fact difficult to own a traditional domain. You may have observed, I stated conventional domain name because a company’s working on a brand-new type of domain that you can own outright. I had the opportunity 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 simply believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a standard domain due to the fact that the domain name is saved by you, the user within your cryptocurrency wallet. So 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, nobody can do it.
They need to go and get your personal key, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to purchase a domain you don’t really 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. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to seize a domain at any provided time. Now, this is technically very uncommon, but it is possible. And it raises a rising issue with our internet, control. Brad calls this the class structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. Since when we have actually 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 trusting the windows registry not to change prices or take the domain away from you in the future.. Our domain names are one-time costs, so you never need to fret about it. Once you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t upgrade or edit or take the football away from you. In the conventional 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. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I think that’s something that’s going to build. In terms of us beginning, it was a little simpler for us to type of handle the entire user experience and develop all these unique tools.
If you were to like, you understand envision what things are going to be like in five to 10 years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Naturally a brand-new type of domain implies that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog site or company however we could see some generic TLDs being used in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s an absolutely different domain 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 have actually probably seen this term pop up all over just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be honest, I still battle with a few of the principles of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the internet. The greatest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.