Find Namecoin Starting Price…and today I’m very excited to explore this concept of a decentralized web. When it comes to domains and the idea of a decentralized web, numerous of you ask me, “Christian, do I really own my domain name outright?” Or, “Exist specifications attached to my registration?” The answer is no, you don’t own your domain name outright, however policies and regulations typically protect the domain from being drawn from you. But at the end of the day,
it is totally possible for your domain to be seized. You’re renting it from the domain computer system registry and they have full control over what happens with your domain name. I have actually discussed this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video however you do not own your domain name. It’s actually difficult to own a traditional domain name. You might have seen, I stated conventional domain name because a business’s dealing with a new type 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 develops domain on blockchains and this is different than a standard domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, much like a cryptocurrency would be. And what this does is it means 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, nobody can do it.
They require to go and get your private key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to seize a domain name at any offered time. Now, this is technically extremely uncommon, but it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a registry comparable to like a Verisign. Since when we have actually sold you a domain there’s absolutely nothing that we can do, the power structure is extremely various. , if it’s a.com domain you’re relying on the pc registry not to alter prices or take the domain away from you in the future.. Our domain are one-time fees, so you never ever need to worry about it. As soon as you buy a domain name it’s more like buying a football from us. Like there’s nothing we can do. When you have it, we can’t update or modify or take the football away from you. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. However there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I believe that’s something that’s going to develop. In regards to us beginning, it was a little easier for us to sort of handle the whole user experience and develop all these unique tools.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s an absolutely various domain name system, implying 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 claiming to comprehend all the technical specifics of this new domain system. To be honest, I still struggle with a few of the principles 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 but more on what it implies for the future of the internet. The most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.