Find Namecoin Coinmarket…and today I’m super delighted to explore this concept of a decentralized web. When it comes to domains and the idea of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Exist terms attached to my registration?” The response is no, you don’t own your domain name outright, however regulations and policies typically secure the domain from being taken from you. However at the end of the day,
You’re leasing it from the domain registry and they have full control over what occurs with your domain name. You may have observed, I said traditional domain name because a business’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain since the domain name is kept by you, the user inside of your cryptocurrency wallet.
They need to go and get your private key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to buy a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that means they have the power to seize a domain at any provided time. Now, this is technically extremely unusual, however it is possible. And it raises an increasing problem with our web, control. Brad calls this the power structure of a domain name system. – We’re a pc registry similar to like a Verisign. The power structure is really different due to the fact that when we’ve sold you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the computer registry not to change rates or take the domain far from you in the future. Our domain are one-time fees, so you never need to stress over it. When you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t update or modify or take the football far from you when you have it. In the standard world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mostly selling our own domains at unstoppabledomains.com right now. But there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In terms of us getting started, it was a little simpler for us to type of handle the entire user experience and develop all these unique tools.
However if you were to like, you know picture what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Obviously a new type of domain name suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Today Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being a perfect fit for your blog site or business however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s a totally various domain system, implying you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term turn up everywhere recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a distinct digital item.
In this case, a domain name. Now I’m not claiming to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.