Find Is Unstoppable Domains A Good Investment…and today I’m incredibly excited to explore this idea of a decentralized web. So when it concerns domains and the idea of a decentralized web, much of you ask me, “Christian, do I actually own my domain outright?” Or, “Are there specifications attached to my registration?” The answer is no, you don’t own your domain name outright, however policies and regulations typically safeguard the domain from being drawn from you. However at the end of the day,
You’re renting it from the domain computer registry and they have complete control over what happens with your domain name. You may have discovered, I stated traditional domain name due to the fact that a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains constructs domain names on blockchains and this is different than a conventional domain because the domain name is saved by you, the user inside of your cryptocurrency wallet.
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 you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to take a domain name at any offered time. Now, this is technically incredibly rare, however it is possible. And it raises a rising issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a pc registry comparable to like a Verisign. Due to the fact that as soon as we’ve offered you a domain there’s absolutely nothing that we can do, the power structure is really various. 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 names are one-time fees, so you never have to worry about it. When you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t update or modify or take the football far from you once you have it. 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 purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to develop. In terms of us starting, it was a little simpler for us to kind of handle the entire user experience and develop all these unique tools.
– Of course a new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you?
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 battle with a few of the concepts of cryptocurrency, and I’m not a professional in this space. 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 web. The most significant 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 adding support for their domains.