Find Should You Invest In Namecoin…The answer is no, you do not own your domain name outright, however guidelines and policies usually protect the domain from being taken from you. At the end of the day,
it is entirely possible for your domain to be taken. You’re renting it from the domain computer system registry and they have full control over what occurs with your domain name. I’ve spoken about this approved monopoly system prior to which you can discover more about in my “Domain frequently asked question” video but you do not own your domain. It’s actually impossible to own a conventional domain name. You might have seen, I said conventional domain due to the fact that a business’s working on a brand-new kind of domain name that you can own outright. I had the chance 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 thought this was actually, 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 saved by you, the user within your cryptocurrency wallet. So it’s stored within your wallet, much 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 in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain registry. If it’s a.com domain you’re trusting the computer system registry not to alter prices or take the domain away from you in the future.
But if you were to like, you know picture what things are going to be like in 5 to 10 years. Yeah, there ought to be great deals of different sellers and resellers and things like that. – Obviously a brand-new type of domain means that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is starting with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog site or company however we might see some generic TLDs being used in the future. For now, Unstoppable Domains is accommodating crypto enthusiasts. It’s an absolutely different domain name system, suggesting 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 most likely seen this term pop up everywhere recently. Non-fungible tokens are units of information on a journal, that is the blockchain and they represent a special digital item.
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. To be sincere, I still struggle with a few of the concepts of cryptocurrency, and I’m not a specialist in this area. Today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the web. The biggest traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.