Find How To Identify A Bitcoin Address…and today I’m super delighted to explore this principle of a decentralized web. So when it comes to domains and the idea of a decentralized web, many of you ask me, “Christian, do I really own my domain outright?” Or, “Are there stipulations connected to my registration?” The response is no, you do not own your domain name outright, but guidelines and policies usually safeguard the domain from being taken from you. However at the end of the day,
it is totally possible for your domain to be seized. You’re renting it from the domain computer registry and they have complete control over what occurs with your domain. I’ve talked about this approved monopoly system prior to which you can discover more about in my “Domain FAQ” video however you do not own your domain. It’s in fact impossible to own a standard domain name. You might have noticed, I stated conventional domain name due to the fact that a business’s working on a brand-new type of domain that you can own outright. I had the possibility to talk to 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, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a traditional domain because the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s kept within 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 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 acquire a domain name you do not really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system registry. If it’s a.com domain you’re relying on the computer system registry not to change costs or take the domain away from you in the future.
But if you were to like, you understand picture what things are going to be like in 5 to 10 years. Yeah, there must be great deals of different sellers and resellers and things like that. – Of course a brand-new kind of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog site or business however we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is dealing with 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’ve probably seen this term pop up everywhere recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. To be truthful, I still struggle with a few of the concepts 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 indicates for the future of the web. The greatest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.