Handshake (HNS) domains have emerged as a unique and innovative solution to the centralized nature of the traditional domain name system (DNS). In this article, we will explore what Handshake domains are and how they work, revolutionizing the internet landscape in the process.
To understand Handshake domains, it is crucial to be familiar with the DNS. The DNS acts as a phone book for the internet, translating human-readable domain names into IP addresses that computers use to connect and communicate with each other. The current DNS system is controlled by a few centralized authorities, making it vulnerable to censorship and control.
Enter Handshake domains, a decentralized alternative to the traditional DNS. Launched in 2020, Handshake aims to create a more open and fair internet through the use of blockchain technology. Unlike the traditional DNS, Handshake does not rely on centralized authorities but instead utilizes blockchain’s decentralized and distributed nature.
At its core, Handshake operates on a peer-to-peer network built on top of the Bitcoin blockchain. It leverages a decentralized naming system, allowing users to register and manage top-level domains (TLDs) directly on the blockchain. Instead of going through domain registrars, users can interact with the Handshake network and secure domain names for themselves, ultimately becoming the owners of those domains.
The registration process for Handshake domains is significantly different from the traditional DNS, both in terms of security and cost. Rather than paying a high fee to a registrar, Handshake users can acquire domain names by bidding for them with the native Handshake cryptocurrency, HNS. This auction-based system makes the process more accessible and affordable, as anyone with HNS tokens can participate.
Handshake domains embrace a principle of non-speculation. This means that users cannot hoard domains and sell them at inflated prices, preventing domain squatting and ensuring that domains remain available to those who want to use them. Handshake incentivizes active domain use and discourages passive hoarding by requiring regular HNS token burn to maintain ownership.
Handshake domains also introduce a unique aspect of ownership – an extension of the traditional “whois” records. With traditional domains, ownership is limited to one party. Still, Handshake allows multiple parties to claim partial ownership of a domain, fostering collaboration and eliminating centralized control. This shared ownership feature empowers joint ventures, decentralized organizations, and other innovative use cases to flourish.
In terms of functionality, Handshake domains work similarly to the traditional DNS. They can be used to host websites, create email addresses, set up decentralized applications, and much more. Handshake’s compatibility with existing internet infrastructure allows seamless integration with browsers and other essential web services.
To resolve Handshake domains, users employ resolvers or recursive domain name servers (rDNS). These resolvers are responsible for querying the Handshake blockchain and returning the corresponding IP address associated with the domain. Handshake’s decentralized nature ensures that no single party has control over resolving domain names, mitigating censorship and enhancing security.
It is worth noting that Handshake is still in its early stages, and widespread adoption is yet to be achieved. It has garnered significant attention from the blockchain and cryptocurrency communities, as well as individuals concerned with decentralization and open internet principles. As more people recognize the potential of Handshake domains, the internet landscape may undergo a significant transformation.
Handshake (HNS) domains provide a decentralized and more equitable alternative to the traditional DNS system. Through the use of blockchain technology, Handshake empowers individuals to become domain owners, eliminates domain squatting, and promotes collaboration. With its unique features and compatibility with existing internet infrastructure, Handshake domains have the potential to reshape the internet as we know it, fostering a more fair and censorship-resistant digital environment.