Find Namecoin Whitecoin…The answer is no, you don’t own your domain name outright, however regulations and policies usually protect the domain from being taken from you. At the end of the day,
it is totally possible for your domain to be seized. You’re renting it from the domain registry and they have complete control over what happens with your domain name. I have actually talked about this approved monopoly system before which you can discover more about in my “Domain frequently asked question” video however you do not own your domain. It’s really difficult to own a conventional domain name. You might have noticed, I said traditional domain name since a business’s dealing with a brand-new type of domain name that you can own outright. I had the possibility 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 really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is various than a standard domain because the domain is stored by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it means 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, nobody can do it.
– Right now, when you go to buy a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain computer registry. If it’s a.com domain you’re trusting the computer system registry not to alter rates or take the domain away from you in the future.
– Of course a brand-new type of domain name means that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely different domain name system, suggesting 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 understand all the technical specifics of this brand-new domain name system. To be truthful, I still have problem with a few of the ideas of cryptocurrency, and I’m not a specialist in this area. However today we’re not focusing as much on the technical side of NFT domains however more on what it indicates for the future of the internet. The biggest traffic jam is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.