Handshake is a decentralized, permissionless naming protocol that aims to replace the traditional domain name system (DNS) with a more secure and open alternative. By using blockchain technology, Handshake allows users to own their domain names without the need for central authorities, ensuring greater security and control over internet identities. This innovative approach empowers individuals and organisations to establish their online presence without relying on third-party registrars.
Core Features
- Decentralised Naming System: Utilises blockchain technology to provide a trustless environment for domain ownership.
- Direct Ownership: Users can own their domain names outright, eliminating the need for intermediaries.
- Enhanced Security: Reduces the risk of domain hijacking and DNS spoofing through cryptographic measures.
- Open Protocol: Allows developers to build applications and services on top of the Handshake protocol, fostering innovation.
- Interoperability: Compatible with existing web infrastructure, enabling users to transition seamlessly from traditional DNS.
- Decentralised Auctions: Domain names can be acquired through a bidding process in a transparent manner.
Benefits
- Full Control: Users have complete ownership of their domain names, reducing reliance on registrars and enhancing autonomy.
- Increased Privacy: Minimises data exposure by removing centralised databases of domain ownership.
- Cost-Effective: Potentially lower long-term costs compared to traditional domain registrations and renewals.
- Trust and Transparency: The use of blockchain ensures a transparent transaction history, fostering trust among users.
- Future-Proof: As the internet evolves, Handshake provides a scalable and adaptable solution for domain management.