There are a number of problems with the current domain registration market. Currently, virtually all domains are registered through a few select centralized companies. These companies work through central servers that can act as a single point of failure during an adverse event. These centralized servers can also be censored by governments who can shutdown domain servers or order the companies that control them to take down certain types of content. Centralized domain servers also often suffer from poor management, which can create inefficiencies or even an invasion of privacy in certain scenarios. That is why Dynatiq was established. Dynatiq is a new cryptocurrency platform that will aim to decentralize the domain market. Dynatiq wants to create a platform where you don’t have to trust third parties. This trustless system will always be on, since blockchains do not have a single point of failure. And the platform will be powered by nodes located all over the world, which means that it won’t be possible for governments to censor the service. Dynatiq will operate as a domain and website marketplace that will allow users to buy and sell websites and domains. Users will use the DTQ token to complete transactions on the platform.
What Problem Is Dynatiq Solving?
Centralized businesses suffer from a number of problems. The whitepaper lists some of the biggest problems as:
• Less local adaptability
• Poor management
• Limited success planning
• Poor feedback
Centralized businesses have slow responsiveness and a lack of flexibility in management. Centralized businesses also tend to do a poor job of incorporating feedback into their platform.
What Is The Dynatiq Solution?
With Dynatiq, domain buyers and sellers get access to a platform that doesn’t need a central authority at all. The chance of censorship is greatly reduced, as there is no single system for government actors to put pressure on. Dynatiq is an open network that will allow users to take greater control of their data and content through decentralization and blockchain technology. It is estimated that the entire domain and website industry is worth $250 to $500 million. There are currently 3.8 billion internet users around the world. In the first quarter of 2017, there were 1.3 million new domain names registered. That was a 3.7% increase over 2016. There is a strong demand for domain names, and Dynatiq can meet that demand without the drawbacks of a centralized system. That is why Dynatiq has the potential to be one of the most successful crypto projects of 2018.
The Dynatiq team has already done a tremendous job of raising awareness for their project. It is highly anticipated in the cryptocurrency community and among stakeholders in the domain industry. If Dynatiq has success, it could become the go-to platform for users who are looking to register a domain without using a centralized service. That means more privacy, no censorship, and no fear of downtime. Dynatiq could ultimately change the way we think about registering domains and taking full control of our web content and online experience. Click on the links below to learn more about Dynatiq.
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)