Find Namecoin Att…The answer is no, you don’t own your domain name outright, but regulations and policies normally protect the domain from being taken from you. At the end of the day,
it is entirely possible for your domain to be seized. You’re renting it from the domain windows registry and they have complete control over what happens with your domain. I have actually talked about this sanctioned monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain name. It’s really impossible to own a standard domain name. You might have discovered, I stated conventional domain name because a business’s working on a brand-new kind 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 simply thought this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain because the domain name is saved by you, the user within your cryptocurrency wallet. It’s saved 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 away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They need to go and get your personal key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to buy a domain 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. 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 exceptionally rare, but it is possible. And it brings up a rising issue with our web, control. Brad calls this the class structure of a domain system. – We’re a registry comparable to like a Verisign. The class structure is extremely various due to the fact that as soon as we’ve sold you a domain there’s nothing that we can do. If it’s a.com domain you’re relying on the windows registry not to change rates or take the domain far from you in the future. Our domain are one-time charges, so you never ever need to worry about it. When you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t update or modify or take the football away from you once you have it. In the conventional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. However there are a number of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to develop. In regards to us starting, it was a little much easier for us to kind of manage the entire user experience and build all these unique tools.
However if you were to like, you know picture what things are going to be like in five to ten years. Yeah, there must be great deals of different sellers and resellers and things like that. – Of course a new kind of domain name indicates 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 a perfect fit for your blog site or company however we could see some generic TLDs being offered in the future. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various domain system, suggesting 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 appear everywhere recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain name system. To be sincere, I still deal with some of the principles of cryptocurrency, and I’m not an expert in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it implies for the future of the web. The biggest bottleneck is that internet 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 adding assistance for their domains.