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Handshake uses an auction, so everyone has a chance to get the TLD they want, if multiple people want it. That seems the most practical solution.
by tofukid 5y ago
Handshake uses an auction, so everyone has a chance to get the TLD they want, if multiple people want it. That seems the most practical solution.
- SilverRed 5y agoThis seems like the worst system. Now if you want a domain, you have to broadcast your intent before you get it. So scalpers can watch all domains being put up for auction and buy it before you. Vs the current system where you just look for one that is free and can grab it immediately.
- tofukid 5y agoBoth systems are arbitrary, but only the auction system provides for multiple people to contest the same domain. There’s no decentralized method to prevent scalping. Scalping can happen whether it’s first-come-first-serve or auction.
- SilverRed 5y agoRight now you can not easily scalp the current domain system. If I wanted to buy a domain, I can check which ones are free and buy it immediately. No one could know I wanted that domain before I had already reserved it for myself. But if I had to trigger an auction for the domain. That is broadcasting to the world "Hey, someone wants this domain. Go buy it and resell it to them"