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Handshake (HNS) Review

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Handshake defi token 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,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.
 

Handshake defi token is an experiment which seeks to explore those new ways in which the necessary tools to build a more decentralized internet. Services on the internet have become more centralized beginning in the 1990s, but do not fulfill the original decentralized vision of the internet. Email became Gmail, usenet became reddit, blog replies became facebook and Medium, pingbacks became twitter, squid became Cloudflare, even gnutella became The Pirate Bay. Centralization exists because there is a need to manage spam, griefing, and sockpuppet/sybil attacks. Previous decentralized systems largely stopped working due to spam. If it were more costly to grief on the internet using decentralized systems, the need for trusted centralized corporations to manage these risks decrease. Internet services and platforms may benefit from building on top of a decentralized system which is specifically designed for resilience against sybil attacks.
As we may redecentralize.

 

Essential Information

Elrond Price $0.160940 USD
Handshake Name Handshake 
Token Symbol HNS
Handshake ROI 56.09%
Website Link Home
Market Cap $50,133,847 USD
Circulating Supply 311,505,909 HNS
Whitepaper Whitepaper
Market Rank #148

More about Handshake (HNS):

Handshake defi token 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.

The full node daemon, hsd, is written in Javascript and is a fork of bcoin. By running a full node, you can participate in securing the network and serving the root zone file embedded in the blockchain.

They also have a light client, hnsd, which is written in C. It can verify blockchain data and serve provable resource records without having the resource requirements of a full node. It also acts as an authoritative name server over the Handshake root zone, and a recursive name server pointed at the authoritative name server.

By installing and/or contributing to Handshake defi token, you are participating in a decentralized open platform owned by the commons.

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Handshake (HNS) Scam or Not?

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