Handshake

Handshake HNS

$0.1728
Market Cap $ 53.373 MM (#197)
24h Volume $ 727.028 K
Chg. 24h: 0.96%
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Handshake project purpose and description

Handshake clarity of purpose

Handshake purpose and aspects

Handshake is a decentralized, permissionless naming protocol compatible with DNS where every peer is validating and in charge of managing the root zone with the goal of creating an alternative to existing certificate authorities. Its purpose is not to replace the DNS protocol, but to replace the root zone file and the root servers with a public commons.

Handshake categories

Digital currencyAuthentication

Short description

Handshake is a decentralized, permissionless naming protocol where every peer is validating and in charge of managing the root DNS naming zone with the goal of creating an alternative to existing Certificate Authorities and naming systems. Names on the internet (top level domains, social networking handles, etc.) ultimately rely upon centralized actors with full control over a system which are relied upon to be honest, as they are vulnerable to hacking, censorship, and corruption. Handshake aims to experiment with new ways the internet can be more secure, resilient, and socially useful with a peer-to-peer system validated by the network's participants.

Abstract

Handshake is a UTXO-based blockchain protocol which manages the registration, renewal and transfer of DNS top-level domains (TLDs). Our naming protocol differs from its predecessors in that it has no concept of namespacing or subdomains at the consensus layer. Its purpose is not to replace DNS, but to replace the root zone file and the root servers.

Link to Roadmap: n/a
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