What are Handshake (HNS) Domains and How Do They Work?
What are Handshake (HNS) Domains and How Do They Work? HNS aims to provide a decentralized alternative to traditional domain name systems (DNS).
A particular topic of interest in the blockchain space is the domain name system (DNS) and the emergence of blockchain projects in the domain ecosystem. The handshake, in particular, is gaining attention for its ability to revolutionize how people think and talk about domains, particularly in the context of Web 3.
What is Handshake (HNS) domain?
Handshake (HNS) is a decentralized, permissionless name protocol that allows for peer-to-peer communication and provides accessible alternatives to centrally managed domain names, such as . com, country code domains and other general domains.
As a decentralized synchronized peer domain naming protocol, the handshake aims to act as a DNS chain alternative for the existing default root chain. Also, the formation of High-Level Domains (TLDS). Agency, . gov, . Adv and such are currently managed by the Internet Corporation for Assigned Names and Numbers (ICANN) and are subject to the application process.
Thus, before an applicant can form a new TLD in Root DNS, they must first apply for a high-level domain, win an auction for it, and wait for approval. The current process is painful, complex and expensive — not to mention the highly centralized idea. This puts the system into danger and resistance to corruption and censorship.
Handshake hopes to change the system and provide alternative Handshake top-level domains that are much more effective, affordable and secure. The aim is to use blockchain technology to help handshake domains oversee the current ICANN oversight system and build more decent online domain landscaping.
Hand Shake ( HNS ) vs Traditional DNS
As mentioned, the current DNS infrastructure heavily depends on ICANN’s root zone. This means that in order to solve HNS domains, there must be a handshake solver first in Resolution China.
However, the way DNS works is very similar to HNS.. The only difference is the rootzone file that the internet trusts and reads, hence need to introduce a handshake alternative.
The goal is not to completely transform the handshake into a root zone, because doing so will lead to current TLDs(. com (and others) will be present until they can even claim their TLDs on the handshake blockchain and reproduce. Suffice to say, this is unlikely to happen any time soon.
Consistency is another potential issue. There are thousands of TLDs, and they keep growing as the internet spreads. What the handshake has done to ensure that the new decentralized rootzones are compliant with these other TLDs, is to keep them safe for management of organizations to claim in the next three years.
How Does The Handshake Domain In Work?
Handshake distributes website addresses mainly through an auctioneer handled by Handshake’s software. Auctions for TLD are every two weeks, and consumers have to bid using the cryptocurrency, HNS, the handshake protocol to participate.
Whoever wins the bid pays the second-highest price after a vacant auction, a type of sealed bidding in which bidders are unaware of others bidding. This ensures that everyone is treated fairly and that domain names are allocated to efficient and fair market value.
Handshake walks like blockchain bitcoin BTC Tucker down $21,082
Blockchain. Miners run handshake software, which solves the unlocking of the newly minted HNS token by solving a series of math puzzles. New blocks are added to the blockchain every 10 minutes, and miners are paid 2,000 HNS for every 10 minutes of mining. Maximum supply of HNS is 2.04 billion.
What is The Handshake Domain Used For?
Particularly for businesses, handshake domains can give them a competitive advantage by increasing privacy and taking control of their domain name space.
Here are some other documented uses for handshakes:
Sell the subdomains: Profite from selling subdomains that are an extension of someone’s TLD.
Login with Handshake: Use Handshake to log in secure and private without needing a password.
Redirect: Use this as a URL shortener.
dLinks: Use Handshakes to create a decentralized hub for someone’s content online.
Hmail: Create an email address in someone’s handshake name.
How to Register Handshake Domain?
As mentioned, one way that users can participate in the auction process for handshake domains is by using HNS. In addition, domain registrar offers registration services for handshake domains to the public.
Nameship currently offers the following TLDs:
To register Handshake domain on Nameshepe, user must only enable HNS option and follow formal process for registering traditional domain name.
How To Access Handshake Domain?
Handshake domains are currently not resolved on regular web browsers. In order to access the Handshake domain, one must use Handshake software themselves or any of the following:
Browser Extension Finger tape HDNS. this me HNS. SoooNext DNS VPN.
Pros And Cons Of Handshake Domains
Handshake has many benefits to using domain names, including better privacy and control, greater flexibility in using domain names, and the ability to participate in domain name auctions.
However, there are also some drawbacks to using handshake domains. For one, domain name users will already have HNS coins to participate in domain auctions or use other services offered by Handshake, putting barriers to entry for those who aren’t tech-lovers Or maybe less familiar with cryptocurrencies.
Undivided, alternate domain names can be a bit more complicated to format and use than traditional domain names, especially since alternative domains have yet to enter mainstream to adopt.
The Future Of Handshake Domains
What are Handshake (HNS) Domains and How Do They Work? Then all people can say is, “instead of a hexstring with more than one letter joe. Send payment to crypto,” which makes using domain names on the web easier and user-friendly. Handshake aims to participate in a decent future by offering consumers better control over their data, security and privacy while keeping things decent.
In such cases, the solvers will need to decide whether to resolve the handshake TLD or ICANNTLD. ICNN is also an uncertainly larger and more powerful organization — will it hold out for Vikanderkran?