Find Namecoin Merge Mining…and today I’m extremely thrilled to explore this concept of a decentralized web. When it comes to domains and the concept of a decentralized web, many of you ask me, “Christian, do I actually own my domain name outright?” Or, “Are there terms connected to my registration?” The response is no, you do not own your domain name outright, however guidelines and policies usually protect the domain from being taken from you. At the end of the day,
it is totally possible for your domain name to be seized. You’re renting it from the domain computer system registry and they have full control over what happens with your domain. I have actually talked about this approved monopoly system before which you can find out more about in my “Domain FAQ” video but you don’t own your domain name. It’s in fact impossible to own a conventional domain name. You might have discovered, I said conventional domain due to the fact that a company’s dealing with a new kind of domain that you can own outright. I had the possibility 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 truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a conventional domain since the domain is kept by you, the user inside of 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 private key, which is on your device, like your phone or your computer or whatever. – Right now, 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 keys to every single.com domain. And that indicates they have the power to take a domain name at any given time. Now, this is technically very rare, however it is possible. And it raises an increasing issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a windows registry similar to like a Verisign. Due to the fact that as soon as we have actually offered you a domain there’s nothing that we can do, the power structure is really different. , if it’s a.com domain you’re trusting the windows registry not to alter prices or take the domain away from you in the future.. Our domain are one-time costs, so you never need to worry about it. When you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t modify or upgrade or take the football far from you as soon as you have it. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I think that’s something that’s going to develop. In terms of us getting going, it was a little much easier for us to kind of handle the entire user experience and develop all these unique tools.
But if you were to like, you understand envision what things are going to resemble in five to 10 years. Yeah, there must be lots of different sellers and resellers and things like that. – Of course a brand-new type of domain name means that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal fit for your blog site or company however we might see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain system, meaning you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term pop up all over recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare adding support for their domains.