Find Namecoin Value Calculator…and today I’m extremely delighted to explore this concept of a decentralized web. So when it pertains to domains and the principle of a decentralized web, a number of you ask me, “Christian, do I really own my domain outright?” Or, “Are there specifications attached to my registration?” The response is no, you don’t own your domain name outright, however policies and guidelines normally safeguard the domain from being drawn from you. At the end of the day,
it is completely possible for your domain name to be taken. You’re renting it from the domain registry and they have complete control over what occurs with your domain. I’ve talked about this sanctioned 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 really impossible to own a traditional domain name. You might have noticed, I said traditional domain name due to the fact that a company’s working on a new type of domain name that you can own outright. I had the opportunity 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 believed this was truly, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a standard domain because the domain is stored by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, similar to a cryptocurrency would be. And what this does is it suggests 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, no one can do it.
They require to go and get your private key, which is on your device, like your phone or your computer system or whatever. – 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 registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that suggests they have the power to seize a domain at any provided time. Now, this is technically incredibly uncommon, however it is possible. And it raises an increasing problem with our internet, control. Brad calls this the power structure of a domain system. – We’re a computer system registry comparable to like a Verisign. The class structure is really different due to the fact that once we have actually offered you a domain there’s absolutely nothing that we can do. , if it’s a.com domain you’re relying on the windows registry not to change rates or take the domain away from you in the future.. Our domain names are one-time fees, so you never ever need to fret about it. When you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. When 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 instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. But there are a number of others that you can buy them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little easier for us to sort of manage the entire user experience and construct all these special tools.
But if you were to like, you understand picture what things are going to be like in five to 10 years. Yeah, there ought to be great deals of various sellers and resellers and things like that. – Obviously a new kind of domain suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being an ideal suitable for your blog site or company but we could see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is dealing with crypto enthusiasts. It’s a totally different domain system, implying you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term turn up all over just recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain name system. Unstoppable Domains has a service for this, thanks to Cloudflare including support for their domains.