#HNS# Handshake (HNS) significantly reduces Token supply through a Soft Fork, sending a bullish signal to investors and Crypto Assets Miners.

Handshake
Eastern Time, August 12, 2025, 11:20 AM
Handshake (HNS) is about to launch a Soft Fork...... The end of the airdrop claims will significantly reduce the total supply of HNS coins, which will provide more certainty for investors and miners.

San Francisco, August 12, 2025 /PRNewswire-PRWeb/ — The decentralized naming protocol Handshake (HNS) plans to activate a Soft Fork on August 28. The main scope of the Soft Fork is to end the on-chain airdrop claims initially delegated to open-source developers. Since the launch of Handshake, a total of 6,548 airdrops have been issued. Looking ahead, ending the airdrop claims will significantly reduce the total supply of HNS Tokens, providing more certainty for investors and Miners.

The beginning of the Soft Fork will make Handshake a true Proof of Work (POW) chain, with the new Token issuance completely coming from Miners. The main change of the Soft Fork is that the total supply of HNS is reduced by about 56%, from 2.04 billion coins to 889 million coins. With the decrease in Token supply, the rise in Token price can bring higher profitability to Miners.

Handshake is a decentralized implementation of DNS, protected by miners. Some use cases for HNS coin include bidding on HNS domain names and updating DNS records. When HNS domain names are obtained through on-chain auctions, the winning bid is destroyed from the token supply, resulting in the HNS coin becoming deflationary over time.

HNS domains represent true ownership; no one behind the protocol can review or reclaim the domain. There are several options for obtaining on-chain domain names, including Namebase (custodial) and Bob Wallet (self-custodial). These domains are irreversible, which is an important attribute for crypto wallets, websites, and digital identities.

Thunderbolt is a revolutionary peer-to-peer (P2P) communication application that utilizes HNS domains for encrypted voice, video, and chat. With Thunderbolt, HNS names can replace phone numbers and become a secure messaging channel for politicians, journalists, dissidents, and privacy enthusiasts. Built by the next-level domain registrar Spaceship, this is the first time that domains are used in this way. HNS domains can also be registered with popular domain registrars like Namecheap, and the setup process using the Thunderbolt application takes just a few minutes.

About HNS

After Bitcoin, the second use case of blockchain proposed by Satoshi Nakamoto is DNS. Handshake was launched in 2020, and without a centralized company or foundation, it remains the largest attempt at a decentralized network and ensuring online freedom.