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Handshake Community is a decentralized, permissionless naming protocol connected to the Domain Name System (DNS). Its primary purpose is to replace traditional domain name registrars by allowing users to own, manage, and trade domain names as non-fungible tokens (NFTs) on the blockchain, reducing reliance on centralized entities.
Handshake Community enhances security and ownership of domain names by decentralizing the registration process. Domain names become NFTs, owned and managed on the blockchain, protecting them from censorship and tampering while ensuring users have full control over their domain extensions.
Handshake offers benefits such as reduced risk of censorship, elimination of recurring fees, and increased security through blockchain technology. It allows users to directly own and trade domains as NFTs, providing full control without centralized interference.
In Handshake Community, domain names are auctioned via a Vickrey auction process, where participants confidentially bid, and the highest bidder wins, paying the second-highest bid. This ensures fair distribution and transparent ownership on the blockchain.
As an NFT project, Handshake Community innovates domain ownership by converting them into NFTs, creating a new asset class within the content networks. It offers a decentralized solution, aligning with the industry’s push towards decentralized content distribution and ownership models.
Handshake is designed to work seamlessly with existing DNS infrastructure, facilitating easier adoption. By integrating with standard DNS, it ensures continuity while providing users with enhanced blockchain security features and control over their domain names.
Handshake is a decentralized DNS protocol offering domain name registration as NFTs via Vickrey auctions, aiming for censorship resistance and no central control.
Handshake Community is a decentralized, permissionless naming protocol compatible with the Domain Name System (DNS) where every peer is validating and in charge of managing the root DNS naming zone. This project aims to replace the role of traditional domain name registrars that require fees and have the power to seize or censor domains. Instead, Handshake introduces a system where domain names are distributed as non-fungible tokens (NFTs) through a Vickrey auction process, allowing users to own, trade, and use domain extensions directly on the blockchain without any central control. The protocol not only decentralizes domain name registration but also increases security against censorship and tampering. Handshake is designed to work with existing DNS infrastructure, making it easier to adopt and implement. By leveraging blockchain technology, Handhandle Community seeks to create a more open and secure internet, where users have full control over their domain names and the root DNS.
Handshake Community is a decentralized, permissionless naming protocol compatible with the Domain Name System (DNS) where every peer is validating and in charge of managing the root DNS naming zone. This project aims to replace the role of traditional domain name registrars that require fees and have the power to seize or censor domains. Instead, Handshake introduces a system where domain names are distributed as non-fungible tokens (NFTs) through a Vickrey auction process, allowing users to own, trade, and use domain extensions directly on the blockchain without any central control. The protocol not only decentralizes domain name registration but also increases security against censorship and tampering. Handshake is designed to work with existing DNS infrastructure, making it easier to adopt and implement. By leveraging blockchain technology, Handhandle Community seeks to create a more open and secure internet, where users have full control over their domain names and the root DNS.
