In an article on Coin Telegraph, the author discusses about putting together blockchain and domain names to get blockchain-based domain names.
Here are the two advantages that the author mentions:
1) The Blockchain Offers New Flexibility
2) The Blockchain Could Reduce Operating Costs
Here is an excerpt of the article:
"The current system is hierarchical in nature, both technically and politically. Technically, this system’s root servers (think central database) represent a high-value attack vector, and a single point of failure that could by itself take down large chunks of the Internet with a single incident, as threatened by Anonymous in 2012.
Politically, the decision-making power is concentrated within the governing body making the rules of operation and letting the contracts. This represents a source of significant risk in terms of potential for corruption, and is susceptible to coercion by those entities with great power.
The term “blockchain” refers to the underlying technology that powers Bitcoin, a distributed data store that achieves a state of consensus. Every node on the network will agree about the historical facts, with minimal reliance on trusting central authorities.
The Domain Name System (DNS) is used every time you interact with resources on the Internet. This system allows us to turn easy-to-remember names such as “CoinTelegraph.com” into useful IP addresses such as “141.101.125.184”. Your computer needs the latter, but you can more easily remember the former. DNS provides this mapping function between names and addresses, much as a phone directory lets us look up a person’s phone number, given their name."
Source: Coin Telegraph
The article was found using a reference from thedomains
Here are the two advantages that the author mentions:
1) The Blockchain Offers New Flexibility
2) The Blockchain Could Reduce Operating Costs
Here is an excerpt of the article:
"The current system is hierarchical in nature, both technically and politically. Technically, this system’s root servers (think central database) represent a high-value attack vector, and a single point of failure that could by itself take down large chunks of the Internet with a single incident, as threatened by Anonymous in 2012.
Politically, the decision-making power is concentrated within the governing body making the rules of operation and letting the contracts. This represents a source of significant risk in terms of potential for corruption, and is susceptible to coercion by those entities with great power.
The term “blockchain” refers to the underlying technology that powers Bitcoin, a distributed data store that achieves a state of consensus. Every node on the network will agree about the historical facts, with minimal reliance on trusting central authorities.
The Domain Name System (DNS) is used every time you interact with resources on the Internet. This system allows us to turn easy-to-remember names such as “CoinTelegraph.com” into useful IP addresses such as “141.101.125.184”. Your computer needs the latter, but you can more easily remember the former. DNS provides this mapping function between names and addresses, much as a phone directory lets us look up a person’s phone number, given their name."
Source: Coin Telegraph
The article was found using a reference from thedomains
