Handshake priceHNS

Cryptocurrency Handshake, also known as HNS, is a decentralized and open-source blockchain platform that aims to revolutionize the domain name system (DNS). Launched in 2018, Handshake envisions a more secure, censorship-resistant, and decentralized internet. One of the key features of Handshake is its approach to domain name ownership. Traditionally, domain names are managed by centralized authorities, making them vulnerable to censorship and control. Handshake, on the other hand, utilizes a blockchain-based protocol to enable the decentralized ownership and transfer of domain names. Unlike traditional domain name systems, which rely on hierarchical structures, Handshake employs a distributed peer-to-peer network. This allows users to create and manage top-level domains (TLDs) as well as lower-level domains. Handshake eliminates the need for intermediaries and provides users with direct control over their domain names. Another important aspect of Handshake is its use of a unique consensus mechanism called Proof-of-Work (PoW). PoW ensures the security and immutability of the Handshake blockchain by requiring miners to solve complex mathematical problems. This incentivizes participation in the network and ensures the integrity of domain name registrations. Additionally, Handshake aims to make the DNS more private and censorship-resistant. By decentralizing domain name ownership, Handshake prevents censorship and enables individuals to secure their digital identities. This censorship-resistant feature has significant implications for individuals and organizations in countries with restricted internet access. Furthermore, Handshake seeks to promote interoperability and collaboration with existing DNS systems. It allows users to import existing DNS records into the Handshake blockchain and synchronize them with the new blockchain-based system, ensuring a smooth transition and compatibility with the current internet infrastructure. Overall, Handshake represents a significant milestone in the evolution of the DNS system. Its decentralized nature, censorship resistance, and focus on user ownership make it an innovative solution in the cryptocurrency space. The project holds promise for a more secure, private, and accessible internet, empowering individuals and creating a more inclusive digital ecosystem.