Find Namecoin √§¬∫‚Ä†…and today I’m very thrilled to explore this idea of a decentralized web. So when it comes to domains and the principle of a decentralized web, a number of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Exist terms connected to my registration?” The answer is no, you do not own your domain name outright, but policies and policies normally protect the domain from being taken from you. But at the end of the day,
it is entirely possible for your domain to be taken. You’re leasing it from the domain windows registry and they have complete control over what occurs with your domain. I have actually talked about this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video however you do not own your domain. It’s actually difficult to own a traditional domain. You may have observed, I stated traditional domain name because a business’s dealing with a 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 simply believed this was actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a conventional domain since the domain name is saved by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates 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, nobody can do it.
– Right now, when you go to buy a domain name you don’t really own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain windows registry. If it’s a.com domain you’re trusting the windows 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 ten years. Yeah, there should be lots of different sellers and resellers and things like that. – Obviously a new kind of domain means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog or business however we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely different domain name system, suggesting you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term appear everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be honest, I still struggle with a few of the principles of cryptocurrency, and I’m not an expert in this space. However 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 web. The biggest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including assistance for their domains.