What Is Namecoin – Ultimate Crypto FAQ

Find What Is Namecoin…and today I’m very thrilled to explore this idea of a decentralized web. When it comes to domains and the concept of a decentralized web, numerous of you ask me, “Christian, do I really own my domain name outright?” Or, “Exist specifications attached to my registration?” The answer is no, you do not own your domain name outright, but guidelines and policies generally secure 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 registry and they have complete control over what happens with your domain. I’ve discussed this approved monopoly system before which you can find out more about in my “Domain FAQ” video but you don’t own your domain. It’s in fact impossible to own a standard domain name. You might have discovered, I stated conventional domain due to the fact that a business’s working on a new type of domain name 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 really, actually cool what Unstoppable Domains was doing. – So Unstoppable Domains builds domain on blockchains and this is various than a traditional domain since the domain name is kept by you, the user within your cryptocurrency wallet. So it’s saved within your wallet, much 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.

They need to go and get your private key, which is on your gadget, like your phone or your computer system or whatever. – Today, when you go to purchase a domain name you do not actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale prices from the domain registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which suggests they have the power to take a domain name at any provided time. Now, this is technically incredibly uncommon, but it is possible. And it brings up a rising issue with our internet, control. Brad calls this the power structure of a domain system. – We’re a windows registry comparable to like a Verisign. Since when we’ve offered you a domain there’s nothing that we can do, the power structure is very different. If it’s a.com domain you’re trusting the windows registry not to change prices or take the domain away from you in the future. Our domain are one-time fees, so you never ever have to worry about it. As soon as you buy a domain name it’s more like buying a football from us. Like there’s absolutely nothing we can do. We can’t modify or upgrade or take the football far from you once you have it. In the traditional world, there’s a great deal of these resellers. Therefore GoDaddy is a reseller for example 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 instance, and you can buy them. So, yeah, I believe that’s something that’s going to build. In terms of us beginning, it was a little easier for us to sort of handle the entire user experience and develop all these special tools.

If you were to like, you understand imagine what things are going to be like in 5 to 10 years. Yeah, there need to be lots of various sellers and resellers and things like that. – Of course a new kind of domain suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re utilized to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being a perfect suitable for your blog site or organization but we might see some generic TLDs being used in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s an absolutely different domain system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You’ve most likely seen this term turn up everywhere just recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent a special digital item.

In this case, a domain name. Now I’m not claiming to comprehend all the technical specifics of this new domain name system. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.