Basic Information about Handshake（HNS）

by editor goldshell October 9, 2020

What is Handshake?

The Handshake project aims to create an alternative certificate authority and naming systems that are used for the root Domain Name Server (DNS). It is decentralized and permissionless, typically compared to The Internet Corporation for Assigned Names and Numbers (ICANN) which is centralized. As of now, names that are used in top-level domain names such as .com, .net, and social networking usernames are centrally managed by a central authority.

What is the Handshake Protocol?

The Handshake Protocol consists of a node that anyone can participate permissionless to be part of a decentralized open naming platform. In order to run a node, you may refer to how to get started at https://github.com/handshake-org/hsd.

Why is there a Handshake Coin (HNS)?

Handshake Coin (HNS) is the native currency in the protocol that allows the transfer, registration, and update of internet names. The aim of introducing a unit of currency is in order to counter spams where someone claims and registers all the possible names without any form of control.

How is HNS allocated?

Free and Open Source Software (FOSS) developers are allocated the majority of their initial coins. This is done by way of allocating HNS coins to Github users that meets the minimal requirement of open source activity. If you are a FOSS developer, you may claim it by visiting https://handshake.org/claim/.