What is Handshake? What Does HNS Do?

Handshake is software for domain name ownership of distributed computer networks that aims to incentivize a new system to operate and manage. In this article, as Koindeks.com, “What is Handshake?” We will answer the question. In addition to these, we will touch on all the bets that are curious about the project.

What is handshake? What does HNS do?

Handshake Coin is managed by an organization called ICANN, which sets the standards for which letter combinations following the dot can be used in a random domain of website addresses. For example; They are varieties such as .org, .com. The HNS platform was launched by Joseph Poon and Christopher Jeffrey.

It is also priced as a decentralized internet project. The aim of the project is to eliminate problems such as fraud and cyber attack that arise as a result of various users on the Internet relying on a centralized approach. The most basic feature that makes the system unique is that it is not a new generation Blockchain project that wants to distribute the DNS infrastructure. HNS Coin is the platform’s cryptocurrency.

How does handshake work?

HNS Coin is a system for distributing website addresses through auctions. Auctions for top-level domains are held every 2 weeks with handshake. Users submit bids to Handshake’s cryptocurrency HNS for the auction affiliate. The winning bidder uses a format also known as the Vickrey auction. However, it pays the 2nd highest price. All of these auctions are handled automatically, notably by the Handshake software.

How to buy handshakes?

The largest exchanges that can be processed with handshakes are HotBit, Gate.io, MEXC, CoinEX. To purchase coins, these stages are followed:

First of all, access the web/mobile application of the stock exchange that lists the HNS you selected as the first step. Then complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit money. As the last step, select HNS with the balance amount you want and create a purchase order. Store it in your secure accounts.

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