Find Namecoin Ledger…and today I’m extremely thrilled to explore this concept of a decentralized web. So when it comes to domains and the principle of a decentralized web, a lot of you ask me, “Christian, do I really own my domain name outright?” Or, “Are there terms connected to my registration?” The answer is no, you don’t own your domain name outright, however policies and regulations normally protect the domain from being taken from you. At the end of the day,
it is totally possible for your domain to be seized. You’re renting it from the domain pc registry and they have complete control over what happens with your domain. I have actually talked about this sanctioned monopoly system before which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain name. It’s actually impossible to own a standard domain. You might have noticed, I stated conventional domain name since a business’s dealing with a brand-new type of domain name that you can own outright. I had the chance to speak with 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 actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a traditional domain due to the fact that the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s stored inside of your wallet, similar to a cryptocurrency would be. And what this does is it suggests that nobody 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 require to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to buy a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale pricing from the domain windows registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which means they have the power to take a domain at any given time. Now, this is technically extremely rare, but it is possible. And it raises a rising problem with our web, control. Brad calls this the power structure of a domain system. – We’re a computer registry comparable to like a Verisign. The power structure is really different because once we’ve offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re trusting the registry not to change costs or take the domain far from you in the future. Our domain names are one-time fees, so you never need to fret about it. Once you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. We can’t modify or update or take the football far from you once you have it. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can buy them. Yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little simpler for us to sort of manage the entire user experience and construct all these unique tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally various domain name system, indicating you can’t type craylor.crypto into your internet browser and load it or can you?
In this case, a domain. Now I’m not claiming to understand all the technical specifics of this brand-new domain system. To be truthful, I still battle with some of the concepts of cryptocurrency, and I’m not a specialist in this area. 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 most significant bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet carried out assistance for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.