Find How To Become A Cryptocurrency Exchange…The answer is no, you don’t own your domain name outright, but policies and policies usually secure the domain from being taken 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 computer registry and they have complete control over what happens with your domain name. I have actually spoken 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 might have seen, I stated traditional domain name since a company’s dealing with a brand-new type of domain name 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 just thought this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is various than a standard domain because the domain is saved by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates that no one 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 require to go and get your personal secret, which is on your device, like your phone or your computer system or whatever. – Right now, when you go to buy a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to seize a domain at any provided time. Now, this is technically extremely uncommon, however it is possible. And it raises a rising problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a windows registry similar to like a Verisign. The power structure is very different due to the fact that when we’ve sold you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the windows registry not to change costs or take the domain away from you in the future.. Our domain are one-time fees, so you never ever need to stress over it. When 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 edit or update or take the football away from you. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to build. In terms of us starting, it was a little simpler for us to type of manage the whole user experience and construct all these special tools.
If you were to like, you know envision what things are going to be like in 5 to 10 years. Yeah, there must be lots of various sellers and resellers and things like that. – Of course a brand-new kind 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 beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or organization but we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, indicating 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 most likely seen this term turn up everywhere just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent an unique digital product.
In this case, a domain. Now I’m not declaring to understand 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 area. But 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 browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.