Ownership Scheme

The ownership scheme in the name registry is as follows (from top to bottom):
- Top-level domains are created by the administrative multisig and then transferred to the TLD registrar contract. 
- Second-level domains are in turn created by the TLD registrar on behalf of buying users and transferred to them upon creation. The users are then responsible for their management. 
- Third-and-higher-level domain creation and management is completely in the hands of the users. 
Administrative Multisig
A formally verified multisig contract with keys held by well-known community members is the owner of all Tezos Domains contracts. This allows for administrative actions like:
- creating new top-level domains, 
- updating the TLD configuration, 
- deploying new versions of contracts if a critical vulnerability is found. 
Further details about the current multisig configuration are available on our website.
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