Find Mining Namecoin…The response is no, you do not own your domain name outright, however guidelines and policies generally protect the domain from being taken from you. At the end of the day,
it is entirely possible for your domain to be taken. You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain name. I’ve discussed this approved monopoly system prior to which you can discover more about in my “Domain FAQ” video however you don’t own your domain. It’s really difficult to own a standard domain. You may have observed, I said conventional domain name due to the fact that a business’s dealing with a brand-new type of domain name that you can own outright. I had the opportunity 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 really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a standard domain since the domain name is stored by you, the user inside of your cryptocurrency wallet. It’s saved inside of your wallet, simply like a cryptocurrency would be. And what this does is it implies 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 need to go and get your private secret, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to acquire a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer 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 given time. Now, this is technically incredibly uncommon, but it is possible. And it raises an increasing problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a pc registry comparable to like a Verisign. The class structure is extremely various because as soon as we have actually offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the registry not to change prices or take the domain far from you in the future. Our domain are one-time costs, so you never ever need to stress over it. When you purchase a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t update or edit or take the football away from you when you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I think that’s something that’s going to construct. In regards to us beginning, it was a little easier for us to type of manage the entire user experience and develop all these special tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely different domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be truthful, I still battle 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 suggests for the future of the web. The greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.