Find What Are The 3 New Opcodes Introduced By Namecoin?…and today I’m super delighted to explore this idea of a decentralized web. When it comes to domains and the idea of a decentralized web, numerous of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there terms attached to my registration?” The response is no, you don’t own your domain name outright, but policies and guidelines normally safeguard the domain from being drawn from you. At the end of the day,
it is entirely possible for your domain to be taken. You’re leasing it from the domain pc registry and they have full control over what happens with your domain name. I’ve talked about this sanctioned monopoly system prior to which you can discover more about in my “Domain FAQ” video but you do not own your domain. It’s actually difficult to own a conventional domain name. You might have observed, I said standard domain name due to the fact that a business’s working on a new kind of domain name that you can own outright. I had the possibility 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 just believed this was actually, really cool what Unstoppable Domains was doing. – So Unstoppable Domains constructs domain names on blockchains and this is different than a standard domain since the domain is saved by you, the user inside of your cryptocurrency wallet. It’s kept inside of your wallet, just like a cryptocurrency would be. And what this does is it means 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, no one can do it.
– Right now, when you go to buy a domain name you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain registry. If it’s a.com domain you’re trusting the windows registry not to alter rates or take the domain away from you in the future.
– 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 different domain name system, implying you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this new domain system. To be sincere, I still deal with a few of the principles of cryptocurrency, and I’m not a professional in this space. But today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the web. The most significant traffic jam is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has a service for this, thanks to Cloudflare adding assistance for their domains.