Halal Rating :
Last Price $0.03 Last updated:
Rank 780
1D Change 0.84 %
Market Cap $17.42m
Circulating supply 619,581,249
Maximum supply 2,040,000,000

Crypto Overview

  • Distributed Computing
  • Collectibles & NFTs
  • Storage
  • BoostVC Portfolio
  • DCG Portfolio
  • Kenetic Capital Portfolio
  • a16z Portfolio
  • Pantera Capital Portfolio
  • Web3

Handshake is a decentralized, permissionless naming protocol where every peer is validating and in charge of managing the root DNS naming zone with the goal of creating an alternative to existing Certificate Authorities and naming systems. Names on the internet (top level domains, social networking handles, etc.) ultimately rely upon centralized actors with full control over a system which are relied upon to be honest, as they are vulnerable to hacking, censorship, and corruption. Handshake aims to experiment with new ways the internet can be more secure, resilient, and socially useful with a peer-to-peer system validated by the network's participants. Handshake is an experiment which seeks to explore those new ways in which the necessary tools to build a more decentralized internet. Services on the internet have become more centralized beginning in the 1990s, but do not fulfill the original decentralized vision of the internet. Email became Gmail, usenet became reddit, blog replies became facebook and Medium, pingbacks became twitter, squid became Cloudflare, even gnutella became The Pirate Bay. Centralization exists because there is a need to manage spam, griefing, and sockpuppet/sybil attacks. Previous decentralized systems largely stopped working due to spam. If it were more costly to grief on the internet using decentralized systems, the need for trusted centralized corporations to manage these risks decrease. Internet services and platforms may benefit from building on top of a decentralized system which is specifically designed for resilience against sybil attacks. As we may redecentralize.

Crypto Impact

To assign a comfort level investing in Handshake from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Handshake.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating