Handshake uses a coin system for name registration. Therefore, a unit of account is needed to prevent that single party from claiming all names. To do this in a decentralized way, we need to prevent a single party from claiming all the names. This software's primary function is for people to come to agreement on names and cryptographic keys authorized to represent that names in a decentralized way. Handshake is a piece of software (and a loose consensus on agreement of the software itself). INTERNET NAME TRANSFERS USING COINS TO PREVENT SYBIL ATTACKS This can be leveraged whenever one is concerned about resource exhaustion, and reaching global agreement on moderation alone is too costly. By using Handshake names, one can know that some kind of economic limits exist for the use of the name. WoT can/should be used as an augmentation, but it is often not a global agreement of resources for individual decentralized services. The initial protocol enables cryptographic name proofs, with the potential for decentralized proof lookups to be usually within the MTU limit. Light clients via merkelized proofs and proof-of-work allow for lightweight name resolutions and certificates.Distributed and permissionless zone file to which any participant has the right to add an entry or serve as host and validator.Alternative to certificate authorities, using a decentralized trust anchor to prove domain ownership.Economic incentives enable decentralized sybil resistance which would otherwise be centralized and corrupted. Without some kind of economic cost function, one person could register all names. Economic incentives enable decentralized agreements to form via a transparent name auction process.True decentralization, no official singular Foundation, Committee, Corporation, or entities in permanent unitary control of the protocol.Handshake is an experimental structure for reaching that agreement via software. ![]() Names and signing certificates may be one of the few (if only) places of global agreement for a decentralized web. ![]() Decentralization is most successful if we have minimal areas to reach complete global agreement.
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