Find What Is Blockchain Domain…and today I’m very excited to explore this principle 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, “Exist terms connected to my registration?” The answer is no, you do not own your domain name outright, but guidelines and policies typically protect the domain from being taken from you. At the end of the day,
it is totally possible for your domain to be taken. You’re renting it from the domain computer system 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 however you do not own your domain name. It’s actually impossible to own a traditional domain. You may have noticed, I said traditional domain name since a business’s dealing with a brand-new kind of domain name that you can own outright. I had the opportunity 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 truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops 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. So it’s kept within your wallet, much like a cryptocurrency would be. And what this does is it suggests 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 require to go and get your personal key, which is on your device, like your phone or your computer or whatever. – Today, when you go to acquire a domain you don’t in fact own it. You’re leasing it from a domain registrar like Namecheap and they’re leasing it at wholesale rates from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. And that indicates they have the power to seize a domain at any given 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 power structure of a domain name system. – We’re a computer registry similar to like a Verisign. Since as soon as we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is very different. If it’s a.com domain you’re relying on the windows registry not to change costs or take the domain away from you in the future. Our domain are one-time fees, so you never ever need to worry about it. As soon as 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 edit or update or take the football away from you. In the conventional world, there’s a lot of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com today. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. Yeah, I believe that’s something that’s going to construct. In regards to us starting, it was a little simpler for us to type of handle the entire user experience and build all these special tools.
– Of course a new type of domain name indicates that you can’t register.com,. For now, Unstoppable Domains is catering to crypto lovers. It’s an absolutely various domain name system, indicating you can’t type craylor.crypto into your web browser and load it or can you?
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this brand-new domain system. To be sincere, I still fight with some of the concepts of cryptocurrency, and I’m not a professional in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it suggests for the future of the web. The greatest bottleneck is that internet web 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 including assistance for their domains.