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Domains are an area where blockchain technology could help a lot. A domain could cost a fixed amount of X per month. So you could pay 100 years upfront and be
by TekMol 5y ago
Domains are an area where blockchain technology could help a lot.
A domain could cost a fixed amount of X per month. So you could pay 100 years upfront and be sure to not lose it in that timeframe.
To move a domain,the registrar and the owner could have to sign the move. So it would not be possible anymore to lose a domain due to the regsitrar making a mistake.
- jazzyjackson 5y ago“ethereum name service” is doing this and honestly aside from gas fees it’s not a bad price for permanent real estate (as permanent as the ethereum virtual machine at least)
- mdoms 5y agoCan you explain in detail what problem blockchain solves here and why it can't be solved without blockchain?
- floren 5y agoWell, if it's solved via blockchain, there's an opportunity for speculation among early adopters, which I think is the major selling point for most blockchain "solutions"
- TekMol 5y agoThe problem that someone else can move your domain. The same problem it solves for finance: That someone else can move your money.
- crummy 5y agoDon't normal domains work the same - you pay a fee and you get the domain for X years? In both situations the domains expire and a porn site can nab them.
- TekMol 5y agoWith normal domains, the registrar can move your domain without your approval. So they could do so out of malice or because they get tricked into believing you gave them the go or because they got hacked or got ordered to do so by some governmental institution or or or ...