Find Where Can You Trade Namecoin…and today I’m incredibly thrilled to explore this principle of a decentralized web. So when it comes to domains and the concept of a decentralized web, many of you ask me, “Christian, do I in fact own my domain name outright?” Or, “Are there stipulations connected to my registration?” The answer is no, you don’t own your domain name outright, but policies and guidelines normally protect the domain from being taken from you. At the end of the day,
You’re renting it from the domain pc registry and they have complete control over what takes place with your domain name. You may have seen, I stated conventional domain name because a company’s working on a brand-new type of domain name that you can own outright. – So Unstoppable Domains builds domain names on blockchains and this is different than a conventional domain since the domain name is kept by you, the user inside of your cryptocurrency wallet.
They need to go and get your private key, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you don’t really own it. You’re renting it from a domain registrar like Namecheap and they’re renting it at wholesale pricing from the domain computer registry. For.com domains that’s Verisign. Verisign holds the keys to every single.com domain. Which implies they have the power to take a domain at any offered time. Now, this is technically exceptionally uncommon, however it is possible. And it brings up an increasing problem with our internet, control. Brad calls this the class structure of a domain name system. – We’re a pc registry similar to like a Verisign. The power structure is extremely different due to the fact that when we’ve offered you a domain there’s nothing that we can do. If it’s a.com domain you’re relying on the computer registry not to alter costs or take the domain far from you in the future. Our domain names are one-time fees, so you never ever need to fret about it. Once you purchase a domain it’s more like buying a football from us. Like there’s nothing we can do. Once you have it, we can’t modify or update or take the football away from you. In the traditional world, there’s a great deal of these resellers. And so GoDaddy is a reseller for instance of.com domains. We’re primarily offering our own domains at unstoppabledomains.com right now. There are a couple of others that you can buy them. You can go to MyEtherWallet, for example, and you can buy them. So, yeah, I think that’s something that’s going to build. In terms of us getting started, it was a little easier for us to sort of handle the entire user experience and build all these unique tools.
If you were to like, you understand envision what things are going to be like in 5 to 10 years. Yeah, there should be lots of different sellers and resellers and things like that. – Obviously a brand-new kind of domain name suggests that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d consider being an ideal suitable for your blog or business but we could see some generic TLDs being offered in the future. In the meantime, Unstoppable Domains is accommodating crypto lovers. It’s a completely various domain system, indicating you can’t type craylor.crypto into your web browser and load it or can you? See these crypto domains are NFT items. You’ve most likely seen this term appear all over just recently. Non-fungible tokens are systems of data on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain name. Now I’m not declaring to understand all the technical specifics of this new domain system. To be truthful, I still deal with a few 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 however more on what it suggests for the future of the internet. The most significant traffic jam is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet carried out support for NFT domains. Unstoppable Domains has a solution for this, thanks to Cloudflare including support for their domains.