Handshake (HNS)

Handshake (HNS) is a decentralized public blockchain protocol with smart contract functionality and cryptocurrency, released in 2019. The project was started by the engineers Catallaxy and Namebase, and is notable for having implemented the SHA-3 Keccak algorithm before it was standardized by NIST in 2021. The project aims to create a more secure and decentralized internet through the design of a “decentralized root name server” (RNS). This type of system allows users to register domain names and attach addresses to them on the network, meaning that users can easily locate other users and resources on the internet. Furthermore, This system creates a more secure, distributed and resilient way of hosting domain names. Handshake is also notable for being the first blockchain protocol to use the SHA-3 Keccak algorithm, which is a cryptographic hash algorithm that offers high security as it is resistant to brute force attacks. This in turn allows for more secure transactions being made on the network. The Handshake token is an essential part of its architecture. It’s intended to incentivise miners to host the distributed root name server. Token holders can also register domain names, as well as renew them every year. Furthermore, Owning more than 10% of the total amount of HNS tokens will give a user the ability to vote on governance decisions. Handshake can be used for a number digital use cases, such as establishing a secure domain registration system, creating a DDoS protection system and creating a decentralized certificate authority services. The Handshake cryptocurrency is currently available for purchase on a number of cryptocurrency exchanges including Coinbase, Kraken, Binance and others. You can also purchase HNS tokens directly from Namebase, the official Handshake project website. In conclusion, Handshake is a new blockchain protocol that has the potential to revolutionize the way we host domains and create a more secure, distributed and resilient way of controlling web resources. It’s also the first blockchain to use the SHA-3 Keccak algorithm and the HNS token provides further security and allows users to register domain names, as well as vote on network decisions. The Handshake cryptocurrency is available for purchase on cryptocurrency exchanges and directly from Namebase.