Yes, traditional domain names are centralized. ICANN manages the root zone, oversees TLDs, and accredits registrars, creating hierarchies vulnerable to censorship and single points of failure. Handshake has the best decentralized design. It uses blockchain to auction and own custom TLDs without central authorities, enhancing censorship resistance and user control, though it requires crypto for participation.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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