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The best use case I know of is Handshake. A domain name system that would be resistant to seizures and censorship. Domains are purchased and a fee is paid which
by hattmall 4y ago
The best use case I know of is Handshake. A domain name system that would be resistant to seizures and censorship. Domains are purchased and a fee is paid which gives a sustainable reason for the coin to have value.
Though I think the same thing could be accomplished on Ethereum with web3.
Of course running your own or shared DNS can have the same value, but I think Blockchain is a legitimate case for decentralizing domain names and having a record that can only be modified by the true owner.
- Nursie 4y agoIs there oversight? Does this do an end run around (for instance) trademark law? I'm not casting judgement when saying this, but if there isn't a governing body then that's attractive to some people but a huge red flag for others.
- aforwardslash 4y ago"that would be resistant to seizures and censorship" - from a cursory look, blocking the protocol and/or identifying peer nodes for a participant is almost trivial, for a state-sponsored actor.I dind't see anywhere in their site a proper threat model, attack simulations or any kind of actual fact that supports the claim of resistance to seizure or censorship. Have you seen those? Also, they clearly forget that most modern CAs actually store SSL certificate details on a blockchain. Its called certificate transparency.