Wednesday, February 5, 2020

New blockchain network launched for Internet domain registration

The transactions and functionalities of the blockchain will be activated on February 17.
The platform allows to undermine the native tokens of the network, called handshake (HNS).

Proof of work and led by Bitcoin Lightning Network co-creator, Joseph Poon, has launched its main network. With this launch, it is committed to decentralize this type of services, in addition to replacing organizations such as the Internet Corporation for Assigned Names and Numbers (ICANN) that governs high-level domains (TLDs) on the Internet, such as «.com» and «.Org».

The project has kept a low profile since it debuted in August 2018, when the news announced that Handshake had stealthily raised USD 10.2 million of large investment funds such as a16z Crypto, Draper Associates, Founders Fund, Sequoia Capital, among others. Handshake's main network It was officially launched on air at 1700 UTC on February 3.

At the same time, Namebase, a domain registry (also backed by a16z Crypto),launched its exchange and portfolio services for the native Handshake token , HNS. Namebase users will eventually be able to buy domains and receive bitcoins and other tokens, similar to what is done on the Unstoppable Domains platform based on Ethereum, which recently added support for MyEtherWallet.

Handshake users can also negotiate with Namebase to have unique high-level domains, such as ".guy," for example, using HNS tokens. They can also earn more of these tokens when someone registers a subdomain to that TLD.

Full launch

Handshake's native tokens are mineable in the blockchain. However, transactions and full functionality will not be activated in the main network until next February 17. At the same time, the protocol will dispense USD 115 million valued in HNS, which is equivalent to 85% of the coin offer, which will be allocated to open source developers, in a long-term decentralized airdrop.

Handshake's main developer, Joseph Poon, presents this strategy as a challenge to the initial coin offer (ICO) model. Consequently, the airdrop will distribute the tokens to users with accounts available on Github, Hackerbase, or PGP (pretty good privacy) keys, which guarantee the protection of online communications in a trusted network.

In this way, in practice, Internet users Now they can configure their search engines to find IP addresses in the public blockchain of Handshake , instead of in a traditional centralized infrastructure, since the main 100,000 websites, according to the Alexa classification, have already been assigned to Handshake domain names.

Minar tokens handshake en Coinmine

Handshake will also be available to be mined on the Coinmine One platform. Coinmine CEO Farbood Nivi told the following media:

Coinmine's mission is to make it easier for everyone to be present at the beginning of a new token, such as Hanshake, which aims to make the Internet more free and directed by people. We are excited to be able to make that possible for those without technical knowledge, who will be able to generate tokens with their Coinmine One equipment by clicking on the application.

He adds that the goal is to help Handshake reach the hands of hundreds of people around the world in just the first few days. "In return, these people will help educate others about this new protocol," he concluded.