Find Namecoin Symbol…and today I’m very excited to explore this idea of a decentralized web. So when it concerns domains and the idea of a decentralized web, much of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there terms connected to my registration?” The answer is no, you don’t own your domain name outright, but policies and regulations typically secure the domain from being taken from you. At the end of the day,
it is completely possible for your domain to be seized. You’re leasing it from the domain pc registry and they have full control over what happens with your domain. I have actually talked about this approved monopoly system prior to which you can find out more about in my “Domain frequently asked question” video but you don’t own your domain. It’s in fact impossible to own a traditional domain. You might have discovered, I stated conventional domain name because a business’s dealing with a brand-new type of domain name 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 just believed this was actually, really 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 name is stored by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, much like a cryptocurrency would be. And what this does is it implies 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 purchase 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 rates from the domain computer system registry. If it’s a.com domain you’re trusting the computer system registry not to change prices 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 lovers. It’s an absolutely different domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this 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 area. However today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the internet. The biggest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.