Find Symbol For Blockchain—–public Domain…and today I’m super thrilled 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 in fact own my domain outright?” Or, “Exist specifications connected to my registration?” The response is no, you do not own your domain name outright, but guidelines and policies usually secure the domain from being drawn from you. 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 registry and they have full control over what happens with your domain. I have actually discussed this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video but you do not own your domain name. It’s in fact impossible to own a standard domain name. You might have noticed, I stated conventional domain since a company’s dealing with a new type of domain 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 simply believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is various than a traditional domain due to the fact that the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s stored inside of 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, no one can do it.
– Right now, when you go to purchase 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 computer registry. If it’s a.com domain you’re trusting the registry not to change rates or take the domain away from you in the future.
However if you were to like, you understand picture what things are going to resemble in 5 to ten years. Yeah, there should be lots of different sellers and resellers and things like that. – Of course a new kind of domain name 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 consider being an ideal suitable for your blog or organization however we might see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s a completely various domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT products. You have actually most likely seen this term turn up everywhere just recently. Non-fungible tokens are systems of information on a journal, that is the blockchain and they represent a special digital item.
In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. To be truthful, I still battle with some of the concepts of cryptocurrency, and I’m not a specialist in this space. However today we’re not focusing as much on the technical side of NFT domains however more on what it suggests for the future of the web. The most significant bottleneck is that internet browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare adding assistance for their domains.