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.
Don’t you have to pay for a domain because of the fact that it’s hosted on a DNS server? Decentralizing DNS would mean that one would no longer have to pay for a DNS server to host your domain.
The “minimum amount of traffic” comment might not have been worded in the best of ways. What I mean is that we need a method to prevent people from sitting on unused domains to sell them at a high price.
DNS is just a hierarchy of authoritative domain name servers that agree on a group of root servers and a protocol