Find Namecoin Private Key…The response is no, you do not own your domain name outright, but policies and regulations usually secure the domain from being taken from you. At the end of the day,
it is completely possible for your domain name to be taken. You’re leasing it from the domain windows registry and they have complete control over what happens with your domain. I’ve talked about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video but you don’t own your domain. It’s in fact impossible to own a conventional domain name. You may have observed, I said conventional domain name due to the fact that a company’s dealing with a new kind of domain name that you can own outright. I had the chance 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 just believed this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a standard domain because the domain is kept by you, the user inside of your cryptocurrency wallet. So it’s stored within your wallet, just like a cryptocurrency would be. And what this does is it implies that no one else can move the domain around, take it far from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
– 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 leasing it at wholesale pricing from the domain pc registry. If it’s a.com domain you’re relying on the computer registry not to alter costs or take the domain away from you in the future.
– Of course a brand-new type of domain name suggests that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain name system. To be honest, I still battle with a few of the ideas of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the internet. The biggest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet executed assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.