Find Namecoin Wallet Mac…and today I’m super delighted to explore this concept of a decentralized web. So when it comes to domains and the principle of a decentralized web, a number of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there terms connected to my registration?” The response is no, you don’t own your domain name outright, but policies and policies typically safeguard the domain from being drawn from you. However 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 happens with your domain. I have actually spoken about this approved monopoly system prior to which you can learn more about in my “Domain frequently asked question” video however you do not own your domain name. It’s really difficult to own a standard domain. You may have noticed, I said traditional domain because a company’s working on a brand-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 actually, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is different than a traditional domain due to the fact that the domain is saved by you, the user inside of your cryptocurrency wallet. So it’s stored 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 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 personal secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to take a domain at any provided time. Now, this is technically incredibly unusual, but it is possible. And it raises a rising problem with our web, control. Brad calls this the class structure of a domain system. – We’re a computer registry comparable to like a Verisign. The power structure is very various 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 trusting the windows registry not to alter prices or take the domain away from you in the future. Our domain are one-time charges, so you never need to fret about it. As soon as you buy a domain name it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t modify or upgrade or take the football away from you. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mainly offering our own domains at unstoppabledomains.com today. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. So, yeah, I think that’s something that’s going to develop. In terms of us getting started, it was a little easier for us to type of manage the entire user experience and develop all these unique tools.
If you were to like, you know envision what things are going to be like in five to 10 years. Yeah, there must be lots of different sellers and resellers and things like that. – Naturally a brand-new type of domain name indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog or company but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is accommodating crypto enthusiasts. It’s a completely different domain system, meaning you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term appear all over just recently. Non-fungible tokens are systems of information on a ledger, that is the blockchain and they represent a distinct digital product.
In this case, a domain name. Now I’m not claiming 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.