Find Slush Pool Namecoin…and today I’m incredibly delighted to explore this principle of a decentralized web. So when it comes to domains and the idea of a decentralized web, a number of you ask me, “Christian, do I really own my domain name outright?” Or, “Are there stipulations attached to my registration?” The response is no, you do not own your domain name outright, however guidelines and policies generally secure the domain from being drawn from you. But at the end of the day,
it is completely possible for your domain name to be taken. You’re leasing it from the domain registry and they have full control over what happens with your domain. I have actually discussed this sanctioned monopoly system before 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 standard domain. You might have seen, I said standard domain because a business’s dealing with a new kind of domain name that you can own outright. I had the possibility to interview 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 thought this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain on blockchains and this is different than a traditional domain since the domain name is kept by you, the user within your cryptocurrency wallet. So it’s saved inside of your wallet, just like a cryptocurrency would be. And what this does is it implies 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.
– Right now, when you go to buy a domain name you don’t actually own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain pc registry. If it’s a.com domain you’re relying on the computer system registry not to change costs or take the domain away from you in the future.
If you were to like, you understand imagine what things are going to be like in five to 10 years. Yeah, there ought to be lots of various sellers and resellers and things like that. – Obviously a new type of domain name implies that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog site or organization but we might see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is catering to crypto enthusiasts. It’s a totally various domain system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT items. You’ve probably seen this term turn up everywhere just recently. Non-fungible tokens are units of data on a journal, that is the blockchain and they represent an unique digital product.
In this case, a domain. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. To be truthful, I still have problem with some of the principles of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains however more on what it means for the future of the internet. The greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have actually not yet executed support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including support for their domains.