Find How To Get Crypto Card…and today I’m extremely excited to explore this principle of a decentralized web. So when it concerns domains and the principle of a decentralized web, a lot of you ask me, “Christian, do I really 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 regulations generally protect the domain from being drawn from you. However at the end of the day,
it is completely possible for your domain to be seized. You’re renting it from the domain windows registry and they have complete control over what occurs with your domain name. I’ve spoken about this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video however you don’t own your domain. It’s really impossible to own a standard domain name. You may have noticed, I stated conventional domain name due to the fact that a business’s dealing with a brand-new kind of domain name that you can own outright. I had the opportunity 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 names on blockchains and this is different than a standard domain since the domain name is kept by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, much like a cryptocurrency would be. And what this does is it suggests 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, nobody can do it.
They require 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 really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain 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 given time. Now, this is technically incredibly unusual, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer registry similar to like a Verisign. The class structure is very different since as soon as we’ve offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re trusting the computer system registry not to alter prices or take the domain far from you in the future. Our domain names are one-time fees, so you never ever have to fret about it. Once you purchase a domain it’s more like buying a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t update or edit or take the football away from you. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to develop. In terms of us beginning, it was a little much easier for us to kind of handle the whole user experience and develop all these unique tools.
If you were to like, you know envision 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 new type of domain name indicates 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 consider being an ideal fit for your blog or business however we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain system, implying you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term pop up everywhere just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain system. To be honest, I still fight 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 however more on what it suggests for the future of the internet. The greatest traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.