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Handshake Stock

Handshake

HNS

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Handshake Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateHNS/USDT0.01148.868.1982,987.490cex157/9/2025, 6:23 AM
GateHNS/BTC0.014.59166.9155,588.440cex427/9/2025, 6:23 AM
CoinExHNS/USDT0.0142.33155.347,238.40.01cex747/9/2025, 6:23 AM
CoinExHNS/BTC0.0116.0795.446,905.110.01cex267/9/2025, 6:23 AM
MEXCHNS/USDT0.01316.278.491,828.070cex977/9/2025, 6:18 AM
NamebaseHNS/BTC0.0100180.350cex17/9/2025, 6:24 AM
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Handshake FAQ

### What Is Handshake (HNS)? Handshake (HNS) is a decentralized, permissionless naming protocol compatible with the Domain Name System (DNS). It seeks to replace traditional certificate authorities and naming systems with a blockchain-based solution. By providing an alternative to the conventional systems, Handshake aims to improve internet security and decentralization. All relevant details about HNS, including market data, statistics, and additional resources, can be found on Eulerpool.

Handshake is a decentralized, permissionless system designed to encourage a network of distributed computers to manage a system for domain name ownership. Within Handshake, each participant is responsible for validating and managing the root DNS naming zone. The system's objective is to offer an alternative to existing certificate authorities and naming systems. Currently, various internet participants, including social networking handles and domains, rely on a centralized approach. This dependence on a system of honesty makes them vulnerable to cyber attacks and fraud. Handshake seeks to solve this issue by establishing a decentralized internet that operates on a peer-to-peer system.

Who Founded Handshake?

Joseph Poon and Andrew Lee are the two primary co-founders of Handshake. Lee left a position at Merrill Lynch to co-found Purse, which became one of the largest Bitcoin marketplaces in early 2014. As Purse grew, Lee sought additional avenues for marketplace innovation and infrastructure investment. Poon and Lee had been conceptualizing the foundational ideas of Handshake for several years before establishing the company. In addition to his work on Handshake, Poon co-authored the Plasma Papers in collaboration with Vitalik Buterin, the co-founder of Ethereum. Prior to entering the cryptocurrency sector, Poon was employed at a Big Four accounting firm during a transition between jobs. He is also a co-creator of the Lightning Network and Plasma. Other co-founders of Handshake include Boyma Fahnbulleh and Christopher Jeffrey.

### What Distinguishes Handshake? The Handshake cryptocurrency sets itself apart within the digital currency landscape through several defining characteristics that underscore its uniqueness. Unlike traditional domain name systems, Handshake decentralizes the process, enhancing security and reducing reliance on centralized authorities. It operates as a decentralized, permissionless naming protocol compatible with existing DNS infrastructures. Handshake introduces an innovative model through its open bidding process, enabling users to auction and acquire top-level domains without the risk of losing them to a central authority. This approach ensures a more democratic and transparent allocation of domain names. The project also emphasizes enhanced security. By allowing users to control their cryptographic keys, Handshake reduces the risks associated with domain hijacking and censorship. This user-centric security model is further reinforced through the use of DNSSEC, a suite of extensions that authenticates domain data for its users. To gain further insights into Handshake and its unique offerings, detailed information is available on Eulerpool.

One of the most distinctive features of Handshake is that it is not a blockchain project aiming to fully decentralize the current DNS infrastructure. Rather, it focuses on decentralizing the root zone—and/or the top-level domains. This is because, apart from the root zone, the entire DNS system is already decentralized. According to Handshake's white paper: “the Handshake naming protocol differs from its predecessors in that it has no concept of _namespacing_ or subdomains at the consensus layer. Its role is not to replace all of DNS, but to replace the root zone file and the root servers.” A fundamental concept of Handshake is its goal to decentralize or reduce dependence on the Internet Corporation for Assigned Names and Numbers (ICANN). Founded in 1998, ICANN is a non-profit partnership comprising individuals worldwide, aimed at enhancing internet security. Handshake aims to improve internet security by utilizing a decentralized application based on Proof-of-Work principles.

What is the Circulation Supply of Handshake Coins?

Handshake has a fixed maximum supply of 2.04 billion coins, with approximately 355 million coins currently in circulation.

How is Handshake Secured? Handshake employs a decentralized approach to security, utilizing a combination of cryptographic techniques and consensus mechanisms to ensure the integrity and safety of its network. At its core, Handshake operates on a blockchain that leverages proof-of-work consensus, similar to other established cryptocurrencies. This mechanism requires miners to solve complex mathematical problems to validate transactions and add new blocks to the blockchain, thereby protecting the network against potential attacks. Moreover, Handshake enhances security by utilizing public-key cryptography for its domain name system (DNS) operations. This ensures that domain ownership and transfers are authenticated and secure. Each domain name is represented as a non-fungible asset on the Handshake blockchain, and transactions related to these domain names are cryptographically signed, further safeguarding against unauthorized modifications. The network is designed to be resistant to common attack vectors such as double-spending and Sybil attacks. The distributed nature of Handshake, alongside its use of robust cryptographic methods, contributes to a strong, secure framework that ensures the reliability and trustworthiness of its operations. For detailed and up-to-date information about Handshake, including metrics and analysis, please refer to Eulerpool.

Handshake employs the security mechanism of unspent transaction output (UTXO) on its blockchain and adheres to the principles of proof-of-work (PoW) similar to Bitcoin. The naming system includes on-chain smart contract functionalities, referred to as covenants, which are designed to restrict the use of future transaction outputs. For more detailed information or updates, please refer to Eulerpool.

Where can Handshake (HNS) be purchased?

Handshake is available for trading on numerous exchanges. Some of the most reputable platforms for purchasing and selling Handshake include Bittrex, Gate.io, BigOne, MXC.com, and ZB.com. For additional information on converting fiat currencies to cryptocurrency, visit Eulerpool.

Investors interested in Handshake are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.