The Shake: Jan. 16, 2022
A publication on Handshake and the Decentralized Web.
This Week in Handshake
↳ .X/ The top level domain .x, won for 𝙃 311,000 in the second highest on chain auction to date, now has a landing page. Stay tuned for updates on the TLD. As registrar tools continue to improve, expect to see more activity from premiere Handshake names.
↳ Decentralized Link Trees Linktree is kicking sex workers off its site. A reminder of the importance of decentralized alternatives built on Handshake domains you own, dLinks from Namebase and the profile builder from Sinpapeles.
↳ ZMSG Send encrypted and decrypted messages using Handshake
↳ HNS Bridge Setup guide for creating your own HNS Bridge DNS resolver
↳ Covenants Handshake introduces a new field in transaction outputs called a covenant. Covenants enable smart contract like behavior for special-purpose on chain activities, of which there are two types today — auctioning names and updating owned names.
(1) Name auctions: BID, REVEAL, REDEEM, etc.
(2) Owned names: UPDATE, RENEW, TRANSFER, etc.
While covenants unlock new dynamic behaviors for a UTXO chain, it’s important to understand the bounded limitations of their use within a Handshake block.
Names Registered: 2.73M (+3% 7d)
Bid volumes remain high as January aims to be the largest month of name registrations on record.
Network Hashrate: 14.3 PH/s
Network hashrate is at all time high levels.
Namebase, January 2022: 847k HNS
Exactly halfway through the month, resale volume is already reaching levels roughly equal to the last several full months of secondary trading.
Around the DWeb
↳ Gitcoin Aqueduct Unbundle the work of protocol creation from the work of supporting an ecosystem. After a sufficient amount of tokens accrue in the Aqueduct, Gitcoin automatically holds a quadratic funding round: developers propose projects that will benefit the ecosystem and members of the community allocate funds to those projects using the quadratic funding mechanism.
↳ Squeeth An innovation in DeFi derivatives. Squeeth makes options perpetual, with no strikes or expiries, and allows levered long positions without liquidations.
↳ Skynet is getting closer to a trustless browser extension.
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