Find Unstoppable Domains Market Cap…and today I’m incredibly delighted to explore this concept of a decentralized web. When it comes to domains and the concept of a decentralized web, numerous of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Exist specifications attached to my registration?” The response is no, you do not own your domain name outright, however regulations and policies typically protect the domain from being drawn from you. At the end of the day,
it is totally possible for your domain to be taken. You’re leasing it from the domain computer system registry and they have full control over what happens with your domain. I have actually spoken about this approved monopoly system before which you can learn more about in my “Domain FAQ” video but you don’t own your domain. It’s in fact difficult to own a conventional domain name. You may have discovered, I said conventional domain due to the fact that a company’s dealing with a brand-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 thought this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain due to the fact that the domain is saved by you, the user within your cryptocurrency wallet. It’s kept inside of your wallet, simply like a cryptocurrency would be. And what this does is it suggests that nobody else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They require to go and get your personal secret, which is on your gadget, like your phone or your computer or whatever. – Today, when you go to purchase a domain you do not actually own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain pc registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to take a domain name at any offered time. Now, this is technically extremely unusual, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer registry comparable to like a Verisign. Due to the fact that as soon as we have actually sold you a domain there’s nothing that we can do, the power structure is extremely different. If it’s a.com domain you’re relying on the registry not to change costs or take the domain away from you in the future. Our domain names are one-time charges, so you never ever need to fret about it. Once you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t upgrade or edit or take the football away from you. In the conventional 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 right now. But there are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I believe that’s something that’s going to build. In terms of us getting started, it was a little easier for us to type of manage the entire user experience and construct all these unique tools.
If you were to like, you know envision what things are going to be like in five to 10 years. Yeah, there should be lots of different sellers and resellers and things like that. – Naturally a brand-new kind of domain indicates that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or business however we might see some generic TLDs being offered in the future. For now, Unstoppable Domains is dealing with crypto enthusiasts. It’s a totally different domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term pop up all over just recently. Non-fungible tokens are systems of data on a journal, that is the blockchain and they represent a special digital product.
In this case, a domain name. Now I’m not declaring to comprehend all the technical specifics of this brand-new domain system. To be sincere, I still fight with some of the principles of cryptocurrency, and I’m not an expert in this area. 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 greatest traffic jam is that web 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.