What is Handshake (HNS) Coin and How Does it Work

Introduction

Discover how Handshake (HNS) is reshaping the future of domain names through its revolutionary blockchain domain system. With a current market cap of $4.7M and growing adoption, this decentralized protocol challenges traditional DNS management by eliminating central authorities. Learn how to navigate the HNS ecosystem, from trading to mining, and explore its potential for growth in the digital landscape.

Understanding Handshake’s Revolutionary Domain Name System

Handshake (HNS) represents an innovative blockchain-based domain name system that aims to revolutionize how we manage and distribute internet domain names. The Handshake blockchain domain system operates as a decentralized protocol, enabling users to register, transfer, and update top-level domains without relying on traditional certificate authorities.

The technology behind Handshake employs a proof-of-work consensus mechanism, utilizing smart contracts known as “covenants” to manage domain ownership and transfers. This architecture ensures transparent and secure domain management while eliminating single points of failure common in traditional DNS systems.

The Current State of HNS Coin Price and Market Performance

As of April 2025, the Handshake coin price shows interesting market dynamics. The current market data reveals:

Recent performance indicators demonstrate a -6.05% change in the last 24 hours, while showing a positive 22.06% growth over the past week. The HNS crypto investment landscape has experienced notable volatility, with a -37.27% price movement over the previous 90 days.

How to Buy, Trade and Mine Handshake (HNS) Cryptocurrency

The Handshake coin exchange listing spans across several prominent trading platforms, offering various trading pairs including HNS/USDT and HNS/BTC. The current 24-hour trading volume of $153,057.17 indicates active market participation.

For mining enthusiasts, HNS mining profitability depends on various factors including hardware costs and electricity rates. The proof-of-work consensus mechanism allows miners to participate in network security while earning rewards.

Future Price Predictions and Growth Potential of HNS

The Handshake blockchain domain system’s adoption rate and technological advancement serve as key indicators for its growth potential. With a current market cap of $4,768,064.09 and a fully diluted market cap of $14,770,840.56, HNS demonstrates room for expansion.

Market indicators suggest varying momentum across different timeframes:

To trade HNS, you can visit Gate.io and explore the HNS/USDT trading pair.

Conclusion

Handshake’s innovative blockchain-based DNS system presents a compelling alternative to traditional domain management, offering decentralized control and enhanced security through its proof-of-work mechanism. While the current market indicators show mixed performance, with recent weekly gains of 22.06% despite longer-term volatility, the platform’s technological foundation and growing trading volume suggest potential for broader adoption in the decentralized domain space.

Risk Warning: Market volatility and limited adoption of blockchain-based DNS systems could significantly impact HNS price performance and practical implementation.