> - TLDs aren't sold for a set price. There's a vickrey auction which awards the TLD to the highest bidder. This creates a better distribution of names than selling at a set price or to the first buyer
for real money, USD or EUR or such? where does this money go? or do you have to first mine some cryptocoin, or buy it with real money, and it then goes to the entity 'namebase'?
this quite honestly looks really sketchy to me. I'd much rather take my chances with registering a domain name among the myriad of ICANN root nameserver gTLDs and ccTLDs than buy some weird, obscure cryptocoin, which can then be used to buy 'domain names' that only 0.000001% of the client devices presently operating on the planet can successfully resolve into IPs.
all of this just looks like somebody has grafted 'blockchain' and 'crypto coins' onto the same alternative root DNS ideas that failed twenty years ago: https://en.wikipedia.org/wiki/Alternative_DNS_root
for real money, USD or EUR or such? where does this money go? or do you have to first mine some cryptocoin, or buy it with real money, and it then goes to the entity 'namebase'?
scroll down here to the 'how it works': https://www.namebase.io/
this quite honestly looks really sketchy to me. I'd much rather take my chances with registering a domain name among the myriad of ICANN root nameserver gTLDs and ccTLDs than buy some weird, obscure cryptocoin, which can then be used to buy 'domain names' that only 0.000001% of the client devices presently operating on the planet can successfully resolve into IPs.
https://learn.namebase.io/starting-from-zero/buy-hns
all of this just looks like somebody has grafted 'blockchain' and 'crypto coins' onto the same alternative root DNS ideas that failed twenty years ago: https://en.wikipedia.org/wiki/Alternative_DNS_root