Find How Crypto Domain Works…and today I’m super delighted to explore this concept of a decentralized web. When it comes to domains and the idea of a decentralized web, numerous of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Exist terms connected to my registration?” The response is no, you do not own your domain name outright, however guidelines and policies typically protect the domain from being taken from you. At the end of the day,
it is totally possible for your domain to be taken. You’re renting it from the domain registry and they have full control over what occurs with your domain name. I have actually discussed this approved monopoly system prior to which you can discover more about in my “Domain FAQ” video however you do not own your domain name. It’s actually impossible to own a traditional domain name. You might have discovered, I said traditional domain because a business’s working on a new type of domain name 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 just believed this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain since the domain name is stored by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, just 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, no one can do it.
– Right now, when you go to purchase a domain name 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 pc registry. If it’s a.com domain you’re trusting the registry not to alter rates or take the domain away from you in the future.
However if you were to like, you know picture what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Naturally a brand-new type of domain 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 a perfect suitable for your blog or service however we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually most likely seen this term pop up everywhere recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain system. To be truthful, I still deal with some of the ideas of cryptocurrency, and I’m not a professional in this area. 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 most significant bottleneck is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.