Handshake (HNS) is a decentralised, permissionless naming protocol in which peers authenticate and are responsible for managing the root DNS naming zone to create an alternative to Existing naming systems and certification bodies.
Handshake is a domain name system which is support Web3. Web3 is about rearranging existing Internet products and services so that they benefit people rather than entities.
The data will still be used to drive decision-making but will not be used against consumers. Data rights will be protected instead of being trampled for profit. Incentive and marketable mechanisms will help ensure that information is reliable and verifiable.
If Web3 is successful, it will positively affect projects solving related issues, including Handshake.
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In this episode, we talk about:
What is DNS: 2:09
Why do we have to decentralise DNS: 2:59
Introducing HNS: 5:33
Market Design: 8:22
How does handshake work: 12:15
Supply and Demand of HNS: 13:01
Auction Mechanism: 15:24
Alternative mechanisms: 17:35
Comparison with other protocols:n