What is Handshake (HNS)?
Handshake is a revolutionary decentralized system that challenges the status quo of top-level domains (TLDs). Unlike the current ICANN-controlled monopoly, where TLDs like .com, .net, and .org cost a staggering $185,000 just to apply, Handshake offers an alternative by distributing TLDs through Vickrey-style auctions. This innovative approach democratizes the domain name system, empowering individuals and organizations to participate in the acquisition and management of TLDs. By dismantling the traditional barriers, Handshake paves the way for a more diverse and accessible internet ecosystem, fostering innovation and expanding the horizon of online identity and branding
Highlights
- Decentralized distribution of top-level domains through Vickrey-style auctions
- Challenges the ICANN-controlled monopoly on traditional TLDs
- Significantly reduced cost compared to ICANN's $185,000 application fee
- Enables greater participation and diversity in the domain name system
Platforms
- Web