Tuesday, March 3, 2015

Patent: System and Method for Domain Name Currency

Extract: "A system for establishing an electronic currency, comprising: a repository of currency domain names wherein each currency domain name is associated with a value, at least two or more currency domain names being associated with a different value, the value of each domain name being evident from the domain name itself; and a registrar that guarantees the value for each of the currency domain names in the repository of currency domain names, the guarantee comprising an enforceable promise to exchange the value for its associated currency domain name upon request.".

Source: http://www.freepatentsonline.com/y2015/0058198.html.

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