Anyway, there is an obvious application of DNS here. We're talking about a decentralized ledger --e.g., who owns what. A ledger describes who owns what. In the case of DNS, we'd be recording who (public key/address) owns which names.
It's a very sensible application of the technology/networks.
Much like our current system of banking, our current DNS system requires authorities and institutions, and requires us to trust in those institutions (e.g. ICANN).
Want a system which requires no such trust? Put it on a decentralized chain --but understand, there's probably under 3 such chains in existence currently.
I think HN is one of the few places that actually applies critical thinking when it comes to crypto/web3. It can be a bit jarring if you come from a Reddit echo-chamber.
> Anyway, there is an obvious application of DNS here. We're talking about a decentralized ledger --e.g., who owns what. A ledger describes who owns what. In the case of DNS, we'd be recording who (public key/address) owns which names.
And it all falls apart because the system as described is unable to deal with mistakes nor intentional abuse.
But also reading from the blockchain is not fast, and I don't know why you think that.