Find Unstoppable Domains Podcast…and today I’m super thrilled to explore this principle of a decentralized web. When it comes to domains and the principle of a decentralized web, many of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Exist specifications connected to my registration?” The answer is no, you don’t own your domain name outright, but policies and policies normally safeguard the domain from being taken from you. At the end of the day,
it is completely possible for your domain name to be seized. You’re renting it from the domain windows registry and they have full control over what happens with your domain. I have actually spoken about this sanctioned monopoly system prior to which you can learn more about in my “Domain FAQ” video however you don’t own your domain name. It’s actually impossible to own a traditional domain. You might have noticed, I stated standard domain because a company’s working on a new type 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 simply believed this was really, really cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain names on blockchains and this is different than a traditional domain because the domain is saved by you, the user within your cryptocurrency wallet. It’s stored inside of your wallet, simply like a cryptocurrency would be. And what this does is it indicates that nobody 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.
They require to go and get your private secret, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name 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 seize a domain at any offered time. Now, this is technically incredibly uncommon, but it is possible. And it brings up an increasing issue with our web, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. Since once we have actually sold you a domain there’s nothing that we can do, the power structure is very various. , if it’s a.com domain you’re trusting the registry not to alter costs or take the domain away from you in the future.. Our domain names are one-time costs, so you never ever have to stress over it. Once you purchase a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t modify or upgrade or take the football away from you. In the traditional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I believe that’s something that’s going to build. In terms of us getting going, it was a little much easier for us to kind of handle the entire user experience and build all these unique tools.
– Of course a 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 different domain name system, meaning you can’t type craylor.crypto into your browser and load it or can you?
In this case, a domain. Now I’m not claiming to understand 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 an expert in this space. However 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 most significant traffic jam is that web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out assistance for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.