Find Symbol For Namecoin…and today I’m very thrilled to explore this principle of a decentralized web. So when it pertains to domains and the idea of a decentralized web, a lot of you ask me, “Christian, do I actually own my domain outright?” Or, “Are there specifications attached to my registration?” The response is no, you don’t own your domain name outright, but guidelines and policies generally secure the domain from being drawn from you. At the end of the day,
it is totally possible for your domain name to be seized. You’re leasing it from the domain windows registry and they have complete control over what happens with your domain. I have actually discussed this approved monopoly system before which you can discover more about in my “Domain FAQ” video however you don’t own your domain name. It’s really impossible to own a conventional domain name. You might have seen, I said traditional domain name because a company’s dealing with a brand-new type of domain that you can own outright. I had the chance 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 just thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is various than a traditional domain due to the fact that the domain is stored by you, the user inside of your cryptocurrency wallet. It’s stored inside of your wallet, just like a cryptocurrency would be. And what this does is it indicates that no one else can move the domain around, take it away 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 key, which is on your device, like your phone or your computer or whatever. – Right now, when you go to purchase a domain you do not really own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to take a domain at any provided time. Now, this is technically extremely rare, but it is possible. And it raises a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a windows registry comparable to like a Verisign. The power structure is extremely various because as soon as we’ve sold you a domain there’s nothing that we can do. If it’s a.com domain you’re trusting the windows registry not to alter prices or take the domain away from you in the future. Our domain are one-time costs, so you never need to stress over it. When you purchase a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t upgrade or edit or take the football away from you once you have it. In the standard world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re primarily selling our own domains at unstoppabledomains.com today. However there are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I believe that’s something that’s going to develop. In regards to us getting going, it was a little easier for us to kind of handle the whole user experience and construct all these unique tools.
– Of course a brand-new type of domain name implies that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s a totally various domain name system, indicating you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.