Find Monero And Namecoin…and today I’m incredibly thrilled to explore this principle of a decentralized web. So when it concerns domains and the concept of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Are there stipulations connected to my registration?” The response is no, you don’t own your domain name outright, however policies and guidelines usually protect the domain from being drawn from you. But at the end of the day,
it is totally possible for your domain to be taken. You’re leasing it from the domain registry and they have complete control over what occurs with your domain name. I have actually spoken about this approved monopoly system before which you can discover more about in my “Domain FAQ” video however you don’t own your domain. It’s in fact impossible to own a traditional domain. You might have noticed, I said conventional domain name since a business’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 truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a conventional domain because the domain name is stored by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, simply 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.
They need to go and get your personal secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to buy a domain you do not in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to seize a domain at any given time. Now, this is technically exceptionally rare, 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. Because as soon as we’ve offered you a domain there’s nothing that we can do, the power structure is very various. If it’s a.com domain you’re trusting the computer system registry not to alter costs or take the domain far from you in the future. Our domain are one-time fees, so you never ever have to stress over it. Once you buy a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. When you have it, we can’t modify or update or take the football away from you. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance 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 instance, and you can buy them. Yeah, I believe that’s something that’s going to build. In terms of us beginning, it was a little easier for us to kind of manage the whole user experience and build all these unique tools.
If you were to like, you know envision what things are going to be like in five to 10 years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Naturally a brand-new type of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or business but we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto lovers. It’s a totally different domain system, meaning 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 most likely seen this term appear all over just recently. Non-fungible tokens are systems of data on a ledger, 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 name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.