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Handshake

HNS # 533
$ 0.03716
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HNS - Handshake
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Price performance
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This is the price performance of Handshake (HNS). It shows the percentage gains and losses for each time period.

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Value statistics

An overview showing the statistics of Handshake, such as the base and quote currency, the rank, and trading volume.

Price to USD $ 0.0372
Price to BTC 0.0000019 BTC
Rank
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533
24h volume
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$ 64,166 Alert icon Low volume
Market cap
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$ 19.80 million
Fully diluted market cap
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$ 75.80 million
All-time high (daily avg.)
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$ 0.8597 on 5/5/2021

Supply information

View the total and circulating supply of Handshake, including details on how the supplies are calculated.

Checkmark Verified supply
100%
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Updated 1 hour ago
Circulating supply
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532.83 million HNS
Total supply
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532.83 million HNS
Max supply
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2.04 billion HNS
Issuance blockchain
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What is Handshake

The Handshake (HNS) project creates an alternative certificate authority in naming systems that are used for root Domain Name Server (DNS). This project is decentralized and permissionless. In contrast, the current system is completely governed and controlled by, The Internet Corporation for Assigned Names and Numbers (ICANN) which is centralized and is unquestionable. Their system uses names that are used in top-level domain names such as .com, .net, and social networking usernames are centrally managed by this, "Only Game In Town" central authority. Absolute Power without alternatives would seem to encourage the opportunity for corruption, at worst and an undemocratic hierarchy at the least. Handshake creates an alternative, closely interlinked to Namebase, and facilitates open auctions for future naming.

INTERNET NAME TRANSFERS USING COINS TO PREVENT SYBIL ATTACKS

Handshake is a piece of software (and a loose consensus on agreement of the software itself). This software's primary function is for people to come to agreement on names and cryptographic keys authorized to represent that names in a decentralized way. To do this in a decentralized way, we need to prevent a single party from claiming all the names.

Therefore, a unit of account is needed to prevent that single party from claiming all names. The Handshake coin (HNS) is the mechanism by which participants transfer, register, and update internet names. The community will be able to initiate auctions and place bids for top-level domains using HNS or trade their HNS as they see fit, with differing value per name.

Handshake's incentive design assumptions relies upon Metcalfe's Law (Beckstrom's Law, etc.). While Bitcoin's value is derived from it being a costly store of value, Handshake's value is derived from its network of users. Metcalfe's Law asserts that an increase in userbase increases the value of the network (sub)exponentially. This means that allocation of value to potential developers and users of this system be a benefit to everyone, with network effect derived benefiting all users.

Links

Best exchanges to buy Handshake

The top crypto exchanges that have Handshake available for trading, ranked by 24h trading volume and the current price.

Exchange 24h volume
All HNS exchanges

Markets

A list of the top Handshake markets across all crypto exchanges based on the highest 24h trading volume, with their current price.

Market 24h volume
All HNS markets
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