Read A16z lead cast HNS is what, what opportunities?

A16z's HNS: the chance you missed, and the chance you haven't missed
Block ark

There's nothing warmer than the warm sun in winter.

In this mainstream halving, in fact the price of the currency halving monkey city, suddenly a traitor out of the fraudster, should send community money.

HNS plays the role of community warmth in monkey city.

Community dropped

This is a big wool, a wool with the open source community ethos. A leading candidate is FOSS contributors, For those who build and sustain the Internet.

This wool has certain threshold, so there are some big guys to buy the github account.

1. Specify that the Github account and your account must have more than 15 followers by February 4, 2019;

2. Github has used SSH to upload code or PGP keys before February 4, 2019.

According to the Handshake rule, developer accounts that meet the requirements can get 2500-7500 HNS. According to the maximum price of Gate on March 1st, this is a large wool with a maximum close to 2175USDT.

There's no marketing problem with that, after all, it's all about reconstructing DNS and bribing programmers.

DNS market

Before we introduce this project, we need to briefly introduce the concept of DNS. Domain Name System is the Domain Name System (service) protocol.

Mutual access in the everyday Internet is addressed by IP. It's like everybody's phone number. But this is not consistent with people's usage habits, in fact, we are more daily contact with the domain name, such as typing baidu.com in the browser, then your computer will visit the DNS resolution server, it will return the corresponding IP to your computer.

DNS resolution servers are like the entire Internet phone book.

Domain names are the infrastructure of the Internet today. Domain name management has several key words.

ICANN

The domain name administration, a nonprofit organization under the U.S. department of commerce, is not saying for nothing that the United States controls domain names around the world. Mainly responsible for specifying the TLD (top level domain). There are about 1,800 top-level domains in total. For each top-level domain, there is a hosting provider.

Versign

Verisign is a commercial company based in the U.S. state of Virginia. It hosts four generic top-level domains:.com,.net,.name, and.gov, as well as two country top-level domains:.cc and.tv. In addition, the background administration of.edu and.jobs is also outsourced to it.

Domain names are a centralised industry, with ICANN and Versign taking most of the profits, setting the price of a domain name and selling it in a tiered distribution model, which increases the cost of registering a domain name. If a.com or.net domain sells for $10, ICANN ($0.18) and Verisign ($7.85) together take home as much as $8.03.

All DNS servers are managed by ICANN, which is faced with various problems such as address hijacking, DNS failure, internal management, etc., which will bring a lot of irreparable losses to enterprises and individuals.

The CA

The foundation of Internet security is the reliable Certificate Authority (CA) certification. The role of CA is to provide server certificates to enhance the security of information exchange between server and client, as well as the services related to Certificate operation and maintenance. There are three types of DV, OV, and EV that prove that the user is connecting to the right server or node.

It has the following disadvantages:

OV and EV certificates are very expensive due to the need for multi-level verification, so they are suitable for enterprises with high security requirements.

There is no revocation mechanism and once registered it is difficult to cancel.

Any individual or organization can play the role of a CA with the trust of the client,

Reliance on a few trusted players, if one of them goes wrong, can be disastrous.

Handshake protocol

Handshake is simply a decentralized domain agreement that focuses on decentralized domain registration, authentication, transaction, and resolution. It USES a scheme that is compatible with the existing DNS system, a distributed, non-centralized permission naming protocol in which each peer validates and manages the root zone, with the aim of creating an alternative to the existing certificate authority. This is arguably the more internet-savvy idea.

It is worth mentioning that some tokens have been reserved for existing DNS service providers in the token distribution of HNS, but they have not been collected.

Handshake offers the following improvements over the current DNS solution

Unlimited registrable top-level domain. Anyone can register a top-level domain such as satoshi. Nakamoto/or satoshi/

More secure and cryptic, DNS records can be modified only by the owner, which ensures that domain name Pointers are not censored or redirected maliciously. There is no need to provide personal information when registering a domain name, just the public key

Make it a safer alternative to certification authority with a Handshake that removes the web's dependence on the CA, since using this web Handshake does not require verifying domain ownership with the CA certificate

Domain name owners have more autonomy. Domain name owners can do many things with their TLD. In addition to servo websites, early owners can even become domain name providers to sell domain names

Scrip economy

Handshake, HNS for short, is used to register, update, and transfer domain names.

HNS totaled 1.36 billion. 7.5% were sold to institutions and angel investors for USD 10.2 million at a price of USD 0.1. 70.0% to free and open source software developers, that is, we mentioned airdrop.

Moke did not find out the scale of domain name market. Of course, due to the valuation characteristics of blockchain projects, we do not recommend taking the scale of traditional market as a reference for the valuation of blockchain projects. After all, blockchain is still worth more than any other value at present.

However, various blockchain projects from the year of 17-19 claimed to have purchased domain names worth tens or even hundreds of millions of dollars. It is not difficult for us to feel the dream value of HNS network.

Technically, it is a distributed improvement on the existing DNS service, but economically, it wants to dominate the domain name market.

With Handshake, domain names are up for direct auction.

HNS tokens used in the domain name auction system are "destroyed." This has provided an extremely effective stimulus to HNS prices on the open market.

The obvious sign is once you start having large businesses register domain names with a Handshake that forms a trend. Then HNS may have infinite growth potential.

team



Vitalik Buterin, founder of Joseph Poo lightning network white paper and founder of ethereum, proposed eth lightning network Plasma.

Investment institutions

Handshake is supported by 67 individuals and funds, including A16z Crypto, Founders Fund, Polychain Capital and DraperAssociates.

A16Z, as a top venture capital in silicon valley, its investment in the block chain industry is also more attuned to the tastes of mokers.



ETH Defi sanjay Maker/Compound/dYdX, for example, those who have ever played Defi will marvel at their exquisite design.

I also read chia's white paper before. Although it was not submitted, it was an interesting project, which should be regarded as the predecessor of many hard disk mining POC.

In general, in the perceptions of moviegoers, A16z is invested with ideas that really want to change the world.

Of course, A16z doesn't represent inflation. It's just that, with A16z's endorsement, a project with a reasonable valuation is worth a second look.

HNS and FPGA mining

A lot of people have missed the HNS airdrop wool, for many people, although know HNS this project, but in the current bear market atmosphere, to buy a currency increased three times, or a little bit worried.

And FPGA mining provides a more robust way of intervention. According to the current data, the revenue of FPGA miner M1 mining HNS once ranked the first.

FPGA is a kind of semi-custom circuit in ASIC field, which not only solves the shortage of custom circuit, but also overcomes the limitation of gate circuit number of original programmable devices.

In the coin circle, FPGA is more flexible than Asic miner, which can switch the algorithm and the currency of mining at any time, while the disadvantage is lower efficiency. Therefore, FPGA mining machine is mostly used in medium ore COINS or in the early stage of large ore COINS (Asic has not been introduced), such as the recent CKB.

In most currencies, the mining efficiency of FPGA is higher than that of CPU.

The reason that too small mining COINS are not suitable for FPGA is that the algorithm cost may not be recovered.

From the current data to estimate, HNS mining cycle is about 5 months.

Of course, this data is static data, there may be fluctuations during the actual operation. It just so happens that we have another species to mine for reference. As for F1U, where moke is running, up to March 1, it has been running for 53 days and mining 1202.184 per day. The comprehensive data are shown in the table below.

There are two risks: the risk that the currency will fall, and the risk that profits will fall as more money pours in. However, due to the flexibility of FPGA, it can switch new currencies constantly, so this risk can be balanced. In general, according to the actual operating efficiency, about 10 months return cycle, for the traditional business circle, this return rate is very surprising. Of course, it's nothing compared to the thrill of a hundred times the joy of a contract.

But for the long-term bullish CKB people, they will find a very fatal thing, the same time at the end of last year, the same 1800USDT, buy CKB return is far worse than buy ore machine, buy ore machine can not only get 1.8x CKB, and ore machine residual value.

Note: the mining machine is calculated according to the industrial loss of 2 years

Similarly for the optimists of HNS, FPGA mining may be a good choice.

conclusion

Generally speaking, projects like HNS are quite favorable, the team is reliable, A16z is invested, the track has great potential, and new solutions are proposed, with its own technical advantages and the spirit of open source community.

Talk sense, if one day I get hitched, I want it to be a Handshake, a 10-minute dream that you can blow on someone else, not just admit that you've made a fool of yourself.

Of course, from another point of view, it is not a good short-term speculation target, a project does not control most of the chips of the currency, and there are a lot of white lu currency, in the early stages of the difficult to pull the plate is too high.

So readers are not advised to go to sohns immediately after reading this article, although it is an interesting currency.

FPGA is not a get-rich-quick tool, it is a tool, all the tools can only be used properly to play its value. Just as contracts are a tool, they are not for the untradable.

FPGA mining machine is suitable for people who are optimistic about the currency circle and the currency for a long time and are willing to participate in this cycle in a more stable way.

Source:weixin.qq.com

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