The concept of Handshake Domains may occur to you when you are coming up with ideas for the domain name of your website. You might be curious in the definition and usage of this term if you’re unfamiliar with it. Due to their registration on a blockchain network, handshake domains are distinct.
Their exclusive availability through auctions is what distinguishes them. Although it may seem mysterious, getting a Handshake domain isn’t as difficult as it would seem. Initiatives related to the domain name system (DNS) and the domain ecosystem are gaining traction in the field of blockchain technology.
The potential of Handshake to transform our understanding and utilisation of domains, particularly in the fascinating environment of Web3, is drawing the attention of decentralised technology aficionados.
A Handshake (HNS) domain: what is it exactly?
Direct peer contact is facilitated via Handshake (HNS), a decentralised open naming protocol. It provides an option to the conventional setup of nation-specific domains, shared domain extensions, and centrally controlled domain names like.com. Handshake functions as an autonomous, peer-to-peer system for domain naming. Its major goal is to replace the Domain Name System’s (DNS) decentralised root chain. The establishment of top-level domains (TLDs) like.agency,.gov,.edu, and so forth is currently overseen by entities such as the Internet Corporation for Assigned Names and Numbers (ICANN).
Applicants must submit an application for a new TLD, take part in auctions, and wait for approval during this procedure. This procedure is centrally located, complex, and time-consuming, which leaves it vulnerable to hacking and resistant to modification and censorship. By providing Handshake top-level domains that are more efficient, affordable, and secure, Handshake hopes to completely transform this system.
The goal is to use blockchain technology to allow Handshake domains to function separately from the current system under the authority of the ICANN, so promoting a more decentralised web domain environment.
How Handshake Domains Work
A Handshake domain operates within the network, a decentralized naming system based on blockchain technology. Here’s a straightforward breakdown of how Handshake domains function:
1.Registration: Auctions are held between users to obtain a Handshake domain. Who wins the privilege to control and possess a certain domain is decided by this auction. In order to register a domain, participants place bids using Handshake tokens (HNS).
2. Ownership: The winning bidder during the auction wins the domain’s title. Having Handshake tokens is a requirement for domain ownership. The domain owner on the Handshake blockchain is thus officially registered to the successful bidder
3.. Integration with Blockchain: The Handshake blockchain and Handshake domains work together effortlessly. To ensure their immutability and resistance to tampering, all domain records, including ownership and related information, are safely kept on the blockchain.
4.Name Resolution: Conventional and specialised DNS resolvers can be used to resolve handshake domains. Because to this interoperability, users can visit Handshake domains without the need for specialised software by using standard web browsers and applications.
5.Domain Services: Similar to regular domains, a Handshake domain can be linked to a number of different internet services after it has been registered. These services could include email services, hosting websites, decentralised apps (dApps), or any other internet service associated with a domain.
6.Control and Transfers: If you would like, you can assign ownership of a Handshake domain to another person and maintain total control over its settings. The trading of Handshake tokens, which stand for domain ownership, facilitates transfers.
Benefits of Handshake Domains.
1.Increased Control and Privacy: Users using handshake domains have greater control and privacy over their online appearance. Regarding the usage of your domain name, you have more control.
2. Flexibility in Domain Usage: Handshake domains allow you to utilise your domain more freely. It is versatile and may be tailored for a range of uses, including email services and webpages.
3.Auction Participation: You are able to take part in domain name auctions through Handshake. This may be helpful if you wish to look into potential investments or secure particular domain names.
4. Decentralised Internet: The trend towards a more decentralised Internet is facilitated by Handshake. The domain name system may become more robust and stable as a result of this decentralisation.
5.Innovation Potential: Handshake domains encourage innovation in the domain naming space, fostering creative uses and applications of blockchain technology.
Downsides of Handshake Domains
1.HNS Coin Requirement: You need to have HNS coins in order to participate in domain auctions or access Handshake services. For others who are not as knowledgeable about cryptocurrency, this need may be a barrier to entry.
2. Complex Setup: Using and configuring other domain names, such as Handshake domains, might be more difficult, particularly for people who need to be more knowledgeable about the technology. Compared to traditional domains, this approach is more complicated.
3.Limited Adoption: The mainstream hasn’t yet caught up to the adoption of alternative domains like Handshake. This implies that consumers might require further assistance and acknowledgment for certain domains.
4.Dependency on Tech Savviness: Handshake domains demand a certain degree of technological know-how, which may be difficult for users lacking in tech acumen.
5.Market Uncertainty: The market for Handshake domains can be uncertain, with prices varying based on demand and supply. This uncertainty may impact the potential return on investment for domain speculators.
In conclusion,the world of online naming systems is different when it comes to handshake domains. People looking for novel solutions find their benefits—better privacy, more control, and the ability to participate in domain auctions—to be appealing. Furthermore, in terms of stability and resilience, the shift towards a more decentralised internet gives services like Handshake legitimacy.
For those who are unfamiliar with cryptocurrencies and technology, there may be obstacles due to the setup’s intricacy and dependence on HNS coins. In addition, consumers may need to carefully assess their goals when choosing Handshake domains due to the limited uptake of alternative domains and market uncertainties.
Handshake domains, in essence, provide an insight into the developing potential of online naming systems, where creativity and privacy collide