However, the most critical aspect is that it is the body that has the control of all top tier domains. And it is also responsible for solving the major domain name disagreements and several other domain associated issues. The governing body is called ICANN; many technology experts are of the opinion that the internet is owned by it one way or the other. This makes sense and one should not wonder why it is being said.
The power of ICANN on domain ownership is unparalleled. It is this power that has revolutionary aspect associated to it as well. Only because of this governing body, the internet has revolutionized and changed the way the world connected previously. Some time back, the government of the United States carried out a chain of domain seizures. In response to this action, Peter Sunde, cofounder of The Pirate Bay, started working over a project that would facilitate a well-distributed DNS service going through a P2P network.
This announcement by Sunde was very well received by the majority of internet users at the time. As a result, there was immense activity in this regard when the plan was in its initial phase. Users can still view a lot of brainstorming that was initiated by internet aficionados when they offered their expertise services to refurbish the nitty-gritty of DNS.
The project was considered to be a very ambitious one, but had to beat various technical obstacles as well. Unfortunately, Sunde’s plan disappeared within a few months time. To be able to see his last attempts to build this project; check out the GitHub Repository under the name of Caleb DeLisle, but he has renamed the plan to CJDNS.
The question is: what happened to the project that garnered a lot of attention initially, but could not sustain for long and instead vanished? Earlier in the year, surprisingly, there was a new contender to the plan named NameCoin. The name originates from its original BitCoin base. A greater part of the code used with NameCoin project is sourced from original BitCoin base. It was hacked to get the final outcomes that the owners are still trying to seek. It is because NameCoin runs directly as a currency, which also owns a P2P DNS structure incorporated into it.
In reality, it is a NameCoin deal when someone buys .bit domain. The major difference when compared to the conventional DNS is that the domain cannot be taken away once is it registered in a user’s name. This happens because the system administrator would have to compromise the entire platform of P2P. With this, even if your domain expires, it will remain in your name. However, as a registered user, you will only have to renew your ownership every year.
Many technological experts encouraged this idea; however, it comes with its own set of problems, which cannot be ignored. The major one of all problems is that in order to have .bit domain in your name, you will have to purchase it. At present, the only means to buy these domains is using NameCoin or BitCoin, which is its sister project.
Moreover, it is not an easy task to get hold of this form of currency as it seems, though BitCoin recently saw the worst crash, which could mean that it was time to set footsteps in this market. Even today you have to run a certain variant of software of BitCoin to be able to purchase and register the domain. The registrar accepts only BitCoin as the trade currency when you make purchases. With such effects, it seems that .bit domains will be only available to the owners of BitCoin only.
Currently, BitCoin is not naming IP mappings. Contrarily, it is more difficult and growing constantly. A good example is that the DNS is clearly responsible for facilitating information related to email exchange so they can work properly and Broadband Expert has more info on cable providers in my area.
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