Dynatiq is a new platform in the blockchain space. Dynatiq is looking to change the way we think about registering domains. Right now, registering a domain consists of working with a centralized company that operate their business from a few servers. This is a problem for a few reasons. First, the servers are centralized, which means that there is a single point of failure. A hacker could attack one server and steal critical information from millions of users. Second, the centralization means that a government entity could censor websites that are hosted on the server in question. And third, centralized servers can go down for any reason, potentially putting millions of websites in jeopardy over the short-term. Dynatiq is a trustless platform that uses blockchain technology in order to remedy all of these problems. Let’s take a closer look at the whitepaper to learn more about how Dyantiq works.
How Dynatiq Approaches Market Centralization
Market centralization is a critical problem for the domain and website industry. This industry is centralized in two ways. The first is that there are only a handful of companies that offer domain services. And the second is that these websites all run on a few centralized servers. This isn’t an ideal situation for users. Dynatiq takes the opposite approach by focusing on decentralization, offering a platform that is censorship resistant and that does not have a single point of failure.
Key Dynatiq Features
The whitepaper lists key features of the Dynatiq platform. The whitepaper notes that Dynatiq is scalable. In fact, the whitepaper states that the Dynatiq ecosystem’s growth “is only controlled by the amount of crypto coin in circulation at a certain point in time.” The other key feature of the platform is the staking process. The whitepaper states that “the staking process will enable the general public to acquire tokens, especially during the crowdfunding stage. A certain percentage of the generated funds will be channeled to the operations pool in order to provide merchants with the amounts of tokens that will be paid out as rewards to customers.”
The Platform Road Map
Here is the roadmap for the Dynatiq platform:
Q1 2018: ICO opens. Android and iOS apps development. Dynatiq’s token added to exchanges. Enhanced online marketing campaign.
Q2 2018: New developers are recruited. Platform’s API for merchants is launched. Optional escrow implementation.
Q3 2018: Partnerships announced and strengthened.
Q4 2018: Beta launch of the decentralized marketplace.
The roadmap is relatively straightforward, and the launch of the marketplace at the end of 2018 gives investors a concrete event to look forward to.
The Dynatiq team has worked very hard to spread the word about their project. The project has gotten a solid amount of press, and was even featured on Bitcoin.com (https://news.bitcoin.com/pr-dynatiq-announces-ico-for-their-blockchain-based-domains-websites-marketplace/). Dynatiq isn’t going to become the top option for domain hosting overnight. But this is a very solid project with good potential. By the end of 2018, it could be one of the platforms that takes the mainstream by surprise. Check out the links below to learn more about the Dynatiq platform.
Dynatiq Website: https://dynatiq.com/
Dynatiq Whitepaper: https://dynatiq.com/whitepaper.pdf
Dynatiq Twitter: https://twitter.com/dynatiq
**Written by: Marcusthewriter (https://bitcointalk.org/index.php?action=profile;u=1803140)