Handshake is software for domain name ownership of distributed computer networks that aims to encourage a new system to run and manage. In this article, as Kriptokoin.com, “What is a Handshake?” We will answer the question. In addition to these, we will touch on all the questions 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 a dot can be used in any 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 considered as a decentralized internet project. The aim of the project is to eradicate 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 bid on Handshake’s cryptocurrency HNS for auction participation. 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, especially by Handshake software.
How to buy handshakes?
The largest exchanges that can be traded with handshakes are HotBit, Gate.io, MEXC, CoinEX. To purchase coins, these steps are followed:
First of all, access the web/mobile application of the stock exchange that lists the HNS you have chosen 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 funds. As the last step, select HNS with the balance amount you want and create a purchase order. Store it in your trusted accounts.
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