Handshake HNS Price

Handshake, launched in February 2020, is a groundbreaking decentralized naming protocol designed to revolutionize domain name ownership. The project, spearheaded by co-founders Joseph Poon and Andrew Lee, seeks to challenge the existing centralization of domain management by entities like ICANN. Unlike traditional systems, Handshake operates as a decentralized naming protocol and Certificate Authority, allocating ownership rights to Top Level Domains (TLD) through a unique auction system. Participants bid using Handshake's native currency, HNS tokens, with the winning bidder registering the TLD under their cryptographic keys on Handshake's Proof-of-Work blockchain.

Handshake addresses the vulnerabilities associated with centralized systems by eliminating the need for Certificate Authorities, relying instead on a decentralized network of computers for domain name ownership validation. The protocol's key features include a novel distribution of its native currency, HNS, with allocations for investors, developers, and open-source contributors. The Vickrey auction system governs the allocation of website addresses on Handshake, occurring every two weeks, with bids made exclusively in HNS. Notably, Handshake aims to decentralize the root DNS naming zone, distinct from fully decentralizing the entire DNS infrastructure. By reducing dependence on ICANN through a peer-to-peer system validated by network participants, Handshake introduces a new paradigm for a more secure, resilient, and socially useful internet experience.

What is unique about Handshake (HNS)?

Handshake (HNS) is unique for decentralizing domain ownership through auctions, HNS tokens, and a Proof-of-Work blockchain, reducing dependence on centralized entities like ICANN.

Who are the founders of Handshake (HNS)?

Handshake was co-founded by Joseph Poon and Andrew Lee, both visionary figures in the crypto space with backgrounds in Bitcoin's Lightning Network and innovative marketplace development.

Who are the backers/investors of Handshake (HNS)?

The project attracted interest from 67 investors during its funding round, receiving 7.5% of the initial 1.36 billion HNS supply, including contributions from those keen on reshaping the domain ownership landscape.

Where can I buy Handshake (HNS)?

You can buy Handshake (HNS) on CoinEx, Namebase cryptocurrency exchanges.