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handshake-web 2021-05-09 11:17:41 +00:00
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<h2>Summary</h2>
<p>Handshake is rooted in the culture of open source and distributed the USD funding it raised to the open source community (over $10,000,000 dollars, not tokens, actual bank wires). Additionally, the majority ownership of initial coins are claimable by open source developers with available scrapeable keys. Certain kinds of decentralized systems were not historically possible as some entities could overwhelm the network and claim all the resources (in this case, register all names). Handshake is an experiment in distributing majority ownership to the open source community of this network as a method to bootstrap a decentralized network with limited resources, to prevent griefers taking up all the resources. It is hoped that this system could be used as a method wherever decentralized key authentication of names is needed (e.g. decentralized web applications where an association between a name and a cryptographic key proving ownership of that name). <b>In other words, an association between keys and names create the potential for the decentralized web by allocating cryptographically provable resources to names.</b> This could be used to prove the owner of a name published a document, and distributed across a decentralized network. The more applications using this system to secure/prove documents in a decentralized way, the higher the useful aggregate economic/social value of registered names on Handshake (Metcalfe's Law).</p>
<p>The Handshake community is in active development of authenticated proof of names/resources, decentralized social coordination tooling, and developing for decentralized web efforts.</p>
<p><b>IRC: #handshake-dev@freenode</b></p>
<p><b>IRC: #handshake@freenode</b></p>
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