Handshake Coin: A Complete Guide to HNS and Decentralized Domain Names

The decentralized domain name system blockchain epitomized by Handshake (HNS) is reshaping internet ownership. As we explore how to buy Handshake HNS coins, delve into the Handshake blockchain domain registration guide, and review HNS cryptocurrency price predictions for 2024, you’ll discover how this system offers a revolutionary decentralized DNS alternative. Plus, learn about Handshake coin staking rewards that provide intriguing investment prospects. Unlock the potential of true digital independence with Handshake’s groundbreaking technology in domain management and cryptocurrency innovation.

Handshake (HNS) represents a fundamental shift in how the internet manages domain name ownership. As a decentralized domain name system blockchain protocol, HNS operates on the premise that every peer validates and manages the root DNS naming zone collectively. Unlike traditional domain registration controlled by centralized authorities like ICANN, this decentralized DNS alternative empowers users with complete ownership and control over their digital identities.

The protocol uses its native HNS cryptocurrency token for governance and operational functions within the ecosystem. The initial token distribution totaled 1.36 billion coins, with 952 million HNS (approximately 70% of initial supply) allocated for developer airdrops. As of 2025, approximately 25 million HNS have been claimed through these developer programs, representing roughly 1.83% of the initial supply. This conservative distribution model demonstrates the project’s long-term vision for building sustainable infrastructure rather than pursuing rapid market saturation.

What distinguishes Handshake from traditional domain systems is its permissionless architecture. The blockchain domain registration guide emphasizes that participants don’t require approval from any central authority to register names or participate in network validation. This architecture creates a censorship-resistant environment where domains cannot be arbitrarily seized or revoked by government entities or corporate gatekeepers. The decentralized domain name system blockchain foundation ensures transparency and immutability of all ownership records.

Handshake domains function through a proof-of-work consensus mechanism that incentivizes distributed networks of computers to maintain and validate the naming system. When users participate in Handshake blockchain domain registration, they engage in an auction-based process where they bid HNS tokens to claim desired domain names. Once acquired, these domains exist on the blockchain with cryptographic proof of ownership, making them resistant to third-party interference or seizure.

The technical infrastructure operates compatibly with existing DNS systems, enabling gradual integration into the broader internet ecosystem. Users can resolve Handshake names through compatible clients and resolvers while maintaining backward compatibility with traditional browsers through resolving plugins. This hybrid approach accelerates adoption without requiring complete overhaul of existing internet infrastructure.

Handshake coin staking rewards incentivize network participants to maintain infrastructure and validate transactions. Users holding HNS tokens can stake them to earn rewards for supporting network operations. This mechanism creates economic incentives for long-term participation while distributing benefits across the community rather than concentrating power among centralized entities.

Acquiring HNS cryptocurrency involves several straightforward steps for investors entering this decentralized domain name system blockchain space. Gate.com provides a comprehensive platform where users can learn how to buy Handshake HNS coins through multiple trading pairs and deposit methods.

Begin by creating a Gate.com account and completing the necessary verification procedures. The platform supports various payment methods including bank transfers, credit cards, and other cryptocurrencies. Once your account is funded, navigate to the HNS trading pairs available on the exchange. Current market data shows HNS trading at $0.01 per token, with a 24-hour trading volume of approximately $32,617.44. The circulating supply stands at approximately 677.7 million coins, with a total market capitalization of $3.76 million and complete dilution market cap of $5.33 million.

After acquiring HNS tokens, investors face a strategic decision regarding holding or staking. The Handshake coin staking rewards mechanism allows token holders to generate passive income by delegating their holdings to network validators or running their own validator nodes. Staking participation strengthens network security while providing economic returns to participants. Different staking arrangements offer varying reward rates depending on lock-up periods and network conditions, creating flexible options for diverse investor profiles and risk preferences.

Comparing Handshake with Ethereum Name Service (ENS) requires examining fundamental architectural differences and market positioning. While both operate within the decentralized domain name system blockchain space, they serve different purposes and user bases.

ENS focuses specifically on enabling human-readable Ethereum wallet addresses and decentralized websites within the Ethereum ecosystem, achieving significantly higher market adoption with $347.3 million total market capitalization. However, ENS dependency on Ethereum creates infrastructure constraints and gas fee expenses for domain operations.

Handshake operates independently as a decentralized DNS alternative, targeting the fundamental root domain infrastructure layer rather than blockchain-specific addresses. This positioning appeals to users seeking complete internet-level censorship resistance beyond cryptocurrency applications. The lower token price reflects different market positioning—HNS targets long-term infrastructure participation rather than speculative trading, while the Handshake blockchain domain registration guide emphasizes practical utility in web3 domain ownership. Both projects address legitimate needs within their respective domains, making investment decisions dependent on individual use cases and strategic visions regarding internet infrastructure evolution.

This article provides an in-depth exploration of Handshake (HNS), a decentralized blockchain protocol challenging traditional DNS by offering user-controlled domain names without centralized authority. It covers how HNS empowers users through censorship-resistant domain ownership, the operational mechanics using its native cryptocurrency, and the acquisition process via Gate. It also contrasts Handshake with Ethereum Name Service (ENS), detailing their unique offerings and market positions. The guide is tailored for investors and tech enthusiasts looking to understand decentralized domain systems, providing practical insights into blockchain-based web3 ownership trends. #HNS# #DECENTRALIZED#