News BYT: Centralised Flaw in Ethereum Name Service

in crypto •  2 years ago 

This is quite funny...

Big Web3 Player Has Embarrassing Centralized Flaw to be Exposed Sept. 5

As Heidi says, there are a LOT of centralised "bottlenecks" - I'd call them design flaws - that hide within what pretend to be a "decentralised" structures. Beware!

More details: Web3 Domain Name Service Could Lose Its Web Address Because Programmer Who Can Renew It Sits in Jail.

What should prick up people's ears is not so much the fact that a supposedly decentralised DAO was dependent upon a service run by someone now in prison, but the actions of GoDaddy appear to be somewhat malicious, and intentional.

“Events like this ultimately show the importance of decentralized naming systems,” Whittaker told CoinDesk. “After eth.link was renewed, GoDaddy decided to ‘re-expire’ the domain, revealing the power and control that this legacy naming system has. In contrast, anyone can support an ENS domain by paying for renewal or extending it.”

Actually, Whittaker, it also shows that entities need to take a lot more care in listing ALL their dependencies - especially those that are centralised. Also, renewing a critical domain yearly is lame - try 3 years rolling.

Still funny.

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  ·  2 years ago  ·  

Heidi was here on graphene I believe... Back in STEEM days. I hope she comes back since speaking on this domain issue. She mentioned publishing info about her work... Seems only reasonable that she practice some of this here on BLURT.

Kind regards 🥓

  ·  2 years ago  ·  

Very similar thing happened with steem-engine.com - they quickly regged the dot-net to save their blushes - the original registrant went AWOL.