Find Sell And Buy Namecoin…and today I’m incredibly thrilled to explore this concept of a decentralized web. When it comes to domains and the idea of a decentralized web, numerous of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there specifications attached to my registration?” The response is no, you do not own your domain name outright, but policies and guidelines normally safeguard the domain from being drawn from you. But at the end of the day,
it is entirely possible for your domain name to be taken. You’re leasing it from the domain computer system registry and they have full control over what occurs with your domain name. I have actually discussed this sanctioned monopoly system before which you can discover more about in my “Domain FAQ” video however you don’t own your domain. It’s in fact difficult to own a conventional domain. You might have observed, I said traditional domain name since a company’s dealing with a brand-new type of domain that you can own outright. I had the possibility 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 simply believed this was actually, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a standard domain because the domain is saved by you, the user within your cryptocurrency wallet. So it’s kept inside of your wallet, similar to 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 need to go and get your private secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to acquire a domain name you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which means they have the power to seize a domain name at any given time. Now, this is technically extremely uncommon, however it is possible. And it raises an increasing problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer system registry similar to like a Verisign. The power structure is really various because as soon as we have actually offered you a domain there’s nothing that we can do. If it’s a.com domain you’re relying on the pc registry not to change costs or take the domain far from you in the future. Our domain names are one-time charges, so you never ever need to stress over it. When you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. We can’t update or modify or take the football away from you as soon as you have it. In the standard world, there’s a great deal of these resellers. And so GoDaddy is a reseller for example of.com domains. We’re mostly offering 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 instance, and you can purchase them. So, yeah, I believe that’s something that’s going to build. In terms of us starting, it was a little easier for us to sort of handle the whole user experience and develop all these special tools.
If you were to like, you know imagine what things are going to be like in five to 10 years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Of course a brand-new kind of domain suggests that you can’t register.com,. co,. net or any of the standard TLDs you’re utilized to seeing. Now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d consider being an ideal fit for your blog or organization but we could see some generic TLDs being provided in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally different domain system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You have actually probably seen this term appear all over just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent a distinct digital product.
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 solution for this, thanks to Cloudflare including assistance for their domains.