Namecoin Namespaces – Ultimate Crypto FAQ

Find Namecoin Namespaces…and today I’m super thrilled to explore this principle of a decentralized web. So when it comes to domains and the concept of a decentralized web, a number of you ask me, “Christian, do I really own my domain outright?” Or, “Exist stipulations connected to my registration?” The answer is no, you don’t own your domain name outright, but policies and policies usually 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 leasing it from the domain computer system registry and they have complete control over what occurs with your domain name. I have actually talked about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you don’t own your domain. It’s actually difficult to own a traditional domain name. You may have noticed, I said conventional domain since a business’s working on a brand-new type 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 believed this was really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a standard domain because the domain is kept by you, the user within your cryptocurrency wallet. It’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it means that nobody else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.

They need to go and get your personal key, which is on your gadget, like your phone or your computer or whatever. – Right now, when you go to acquire a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system 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 name at any provided time. Now, this is technically extremely uncommon, however it is possible. And it brings up an increasing issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry comparable to like a Verisign. The power structure is really different since as soon as we’ve offered you a domain there’s absolutely nothing that we can do. If it’s a.com domain you’re relying on the registry not to change costs or take the domain away from you in the future. Our domain names are one-time charges, so you never ever need to stress over it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s nothing we can do. Once you have it, we can’t update or edit or take the football away from you. In the standard world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly offering our own domains at unstoppabledomains.com today. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can buy them. So, yeah, I think that’s something that’s going to construct. In terms of us getting going, it was a little much easier for us to sort of handle the entire user experience and build 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 enthusiasts. 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 name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain name system. To be honest, I still fight 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 however more on what it indicates for the future of the web. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.