Pool.com recognizes that there must be a mechanism to take down a domain in extreme circumstances.
Our Burn Policy is intended to strike a balance between the freedoms of blockchain technology and the reality that sometimes bad things can happen.
Pool TLDs and Domain Names are controlled on the blockchain by a fixed smart contract. The process of removing a TLD or Domain Name is sometimes referred to as “burn” or “burning” a domain name.
We figured the most “fair” and transparent way to implement the Burn Policy on Pool TLDs and Domain Names was to put the power in the hands of the people.
Since governments that make up the G-20 represent two thirds of the world’s population, and are elected by the people, if they act together, they have the power to remove a TLD or Domain Name.
This puts the power in the hands of the people, where it belongs.
Even then, our Burn Policy can only be initiated by the approval of a super-majority (15) of G-20 member countries.
In other words, no single government can Burn a TLD or Domain Name, it can only be done if 15 of the member states agree.
Each country of the G-20 may access its key simply by putting a TXT record on their country code domain with their public key on it.
The Pool Smart Contract will automatically recognize that key and record a country’s wishes.
When the total reaches 15, the smart contract initiates the Burn protocol.
But, it's not something that can happen easily or often - it requires coordinated effort from a super-majority of the G-20 member states.
For the geeks out there, a country simply needs to publish a TXT record of infinity=key at the root of their country code domain. ie:TXT "infinity=thecountriespublickey"
This multi-signature requirement provides additional security and ensures that multiple key holders must act in concert to Burn a domain.