Introduction to HNS, a new hotspot for graphics card mining

Handshake is a decentralized, permissionless naming protocol that is compatible with DNS (Domain Name System, a hierarchical, decentralized naming system). Due to this feature, Handshake allows users to name domains on the Namebase site, avoiding the use of complex addresses for transactions, thereby simplifying the process of fund transfer.

As the digital currency issued by the Handshake project, HNS is used to trade, register and update domain names.

Handshake has previously raised $10.2 million in funding from investors including Andreessen Horowitz (a16z), Sequoia Capital, and SV Angel. But according to financing information, these investors were only allocated 7.5% of HNS.

Handshake uses POW consensus, and its algorithm is blake2b sHA3+.

Handshake uses Bitcoin-NG technology , which improves TPS but sacrifices network security, so Handshake can only resist attacks from 1/4 of the total network's computing power.

It is also worth mentioning that Handshake also supports smart contracts on the UTXO model, and its domain name auction function is implemented through this type of contract.

According to official data, the reference computing power and revenue of various graphics cards are as shown in the figure below (the reference currency price is RMB 3.3).

With the launch of the mainnet, Handshake, which was born in 2018, has become stable in operation. After the opening of mining, Handshake's "bonus period" has continued to this day. It is better to enter the mining market as early as possible. Miners who are interested in HNS may wish to come to Miracle Moore to give it a try.