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On the blockchain and DNS (lemmygrad.ml)

submitted 8 months ago* (last edited 8 months ago) by [email protected] to c/[email protected]

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No, I'm not going to sell you on the 42069th cryptocurrency (thank goodness!), I just think that focusing on crypto, and, god forbid, NFTs, completely wastes the potential that blockchains have. Case-in-point: DNS. The centralization of DNS has been a disaster for the internet. The solution: Decentralize DNS with a free register-deregister system. As DNS is now decentralized, hosting fees will decrease dramatically. Laws will also need to be made to prevent DNS-scalping, so as to prevent people from sitting on domains and selling them for high prices. This might be resolved through either domain limiting or traffic tests, where a domain must keep a minimum amount of traffic over time in order to justify it staying registered. Otherwise, it would get deregistered and become freely up for grabs.

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[–] [email protected] 0 points 8 months ago

One of the few use cases that really makes a lot of sense and has promise imo.