[ad_1]
Blockchain domains serve several purposes. Besides being smart contract suites, these domains can function as name records for crypto wallet addresses. Unfortunately, people don’t choose which domains they want every time, as most of them already exist or are owned by large companies. It’s here that Hand shake, a decentralized DNS server, stepped in to return domain names to the people.
As a decentralized global DNS system, Hand shake brings about a further change in the way domains are owned. Normally, a user can register and then lease a domain to another user. This means that the domain is not actually owned by the person who created it. The handshake gives true sovereign ownership over the names to the owners of the names to the people. This DNS server is currently controlled by ICANN, but unlike the traditional ICANN system, Handshake is powered by blockchain technology, so it is not managed by a single entity.
In addition to creating a new trend in domain ownership, Handshake has also broken the conventional flow of blockchain projects by being institutionally integrated. This remarkable breakthrough in blockchain technology has already won the support of Namecheap, the world’s second largest registrar, along with EnCirca. 101Domain already supports Handshake domain registrations. The handshake is like a cool breeze in the domain naming system in a growing world of de-platform and online censorship.
NextDNS is one of the renowned companies that have supported Handshake. NextDNS is the resolver for the Firefox web browser. With this kind of support, Handshake was able to send parts to all the major FOSS (Free Open Source Software) developers around the world. The positive response this DNS server has gained is due to its unsurpassed security. Unlike other domains which depend on third-party SSL certificates for encryption, Handshake has built-in security as a DNS server. It also protects the server from hacking activities common in the crypto world.
Handshake operates beyond ICANN to provide an extension of the TLD space. Handshake TLDs provide complete control for Internet users to operate independently. Now users can get a TLD and easily create a top level domain. With this, Handshake also became the pioneering domain provider to offer a Sunrise registration period for trademark holders. All of this is done without the user having to provide any information to register the domain, not even the exact contact details. This marks a distinct difference from the WHOIS model. No censorship comes into play with Handshake.
Handshake was co-founded by three blockchain giants – Joseph Poon, Chris Jeffries, and Andrew Lee. The DNS server is the brainchild of Poon, the co-creator of Bitcoin Lightning Network and Ethereum Plasma. Jeffries is one of the top FOSS developers who also developed Bcoin and Mako. Lee is the CEO of Purse.io, a leading Bitcoin buying site. Lee also joined as a co-founder of the Single Domain Naming System.
Currently, the team behind Handshake is eagerly awaiting the full adoption of DNS server on the Internet. This will further establish the concept of the freedom to choose a domain name, which is the foundation of Handshake. The DNS server will continue to provide sovereignty over domain names, returning control of domains to people.
The foregoing post was written and / or published as part of a collaboration between Benzinga’s internal sponsored content team and a Benzinga financial partner. While the article is not and should not be construed as editorial content, the Sponsored Content team works to ensure that all information contained in it is true and accurate to the best of their knowledge and ability. research. The content was for informational purposes only and was not intended to be investment advice.
[ad_2]
