Find Namecoin . Bit…and today I’m incredibly thrilled to explore this idea of a decentralized web. When it comes to domains and the idea of a decentralized web, numerous of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there stipulations connected to my registration?” The response is no, you do not 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 leasing it from the domain registry and they have complete control over what takes place with your domain name. You might have seen, I said traditional domain name because a business’s working on a new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a traditional domain due to the fact that the domain name is stored by you, the user inside of your cryptocurrency wallet.
They require to go and get your private secret, which is on your device, like your phone or your computer or whatever. – Right now, when you go to buy a domain name you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which indicates they have the power to seize a domain name at any offered time. Now, this is technically very rare, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a pc registry similar to like a Verisign. Due to the fact that when we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is very different. , if it’s a.com domain you’re trusting the pc registry not to change costs or take the domain away from you in the future.. Our domain names are one-time costs, so you never need to fret about it. Once you buy a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t edit or upgrade or take the football far from you once you have it. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In terms of us getting going, it was a little much easier for us to type of handle the whole user experience and build all these unique tools.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain name system, suggesting you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain name system. To be honest, I still have problem with a few of the concepts 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 however more on what it suggests for the future of the internet. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.