About PeerName: Decentralized Domain Name Registry

PeerName serves as a decentralized domain name registry that has been in operation since 2015. This service hosts a portfolio of over 5,000 domains and offers payment options in various cryptocurrencies, including Bitcoin, Ether, Litecoin, and Dogecoin. PeerName provides a range of decentralized domain name systems, encompassing dot bit by Namecoin, dot coin powered by Emercoin, NXT aliases, dot eth powered by Ethereum, and more. Pricing structures vary among these DNS options, with dot bit domains priced at $8.99 per year and dot eth powered by Ethereum, among others.

The advantages of employing a decentralized domain name system are multifaceted. These systems store domain names on distributed networks rather than centralized servers, ensuring features like censorship resistance, enhanced security, improved privacy, and utilization of open-source software. In centralized systems, the central server and its operators possess the capability to censor content and represent a single point of failure. In contrast, decentralized DNS operates across a distributed network of computers, eliminating single points of failure and enhancing overall system robustness. Furthermore, the open-source nature of decentralized DNS systems enables scrutiny and auditing by anyone, fostering transparency and trust. For instance, the dot bit DNS leverages the open-source Namecoin blockchain for its operations.