Find “Namecoin” Stats…The answer is no, you don’t own your domain name outright, but policies and policies usually safeguard the domain from being taken from you. At the end of the day,
it is entirely possible for your domain to be taken. You’re leasing it from the domain computer registry and they have complete control over what occurs with your domain. 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 in fact impossible to own a conventional domain name. You might have noticed, I stated traditional domain due to the fact that a company’s dealing with a 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 constructs domain on blockchains and this is various than a conventional domain because the domain name is saved by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it suggests 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, nobody can do it.
– Right now, when you go to buy a domain name you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer system registry. If it’s a.com domain you’re trusting the computer registry not to alter costs or take the domain away from you in the future.
– Of course a new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto enthusiasts. It’s a completely various domain name system, implying you can’t type craylor.crypto into your web 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 system. To be honest, I still have problem with a few of the concepts 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 but more on what it means for the future of the internet. The biggest bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.