Introduction to Hash Name Service: A Hashgraph-based registry

Pablo Peillard
May 22 · 4 min read

One of the biggest challenges we face in order to achieve mainstream adoption of crypto is ease of use. All we have to work with is a random segment of letters and numbers we have to copy/paste every time we want to make a transfer. Using this sequence of numbers is not only inconvenient, but it could also engender problems around mistaken identities. What Hedera Hashgraph needs is a more user-friendly way to identify people and objects on the network. At Hashing Systems, we have conceived HNS, which stands for Hash Name Service in order to address this problem. HNS is much like DNS; it is a Hashgraph-based dapp built on smart contracts to give human readable names.

What is DNS?

How does DNS work?

What is HNS

In the case of transactions, for example, complicated strings of letters and numbers for each party whom a user needs to transact with are difficult to keep track of. There is no way to discern one string from another other. When taking into account the volume of transactions that are supposed to take place on Hashgraph, there is bound to be transactions sent to wrong parties.

Visit hns.domains to reserve your Hashgraph domain

Why Hashgraph?

Unlike Ethereum, smart contracts on Hedera must pay maintenance fees in order to remain on the network. This creates pressure on the contracts to constantly generate value somehow. Developers won’t deploy as many unnecessary contracts which have running costs. They’ll instead choose to pay fees to get the functionality they need. We foresee a wave of dapps that take advantage of this, spreading the cost of storing the contracts among hundreds or thousands of users.

How does HNS work?

Resolving and registering are decoupled for efficient querying

Why HNS?

HNS will facilitate users accessing this technology. Consequently, transactions, smart contracts, and file queries will increase with the ease-of-use. You can reserve your HNS domain now at https://hns.domains/!

Hashing Systems

Distributed Ledger Technologies for a Web 3.0 world. Built on Hedera Hashgraph. Go to http://hns.domains and subscribe to our newsletter.

Pablo Peillard

Written by

Founder of Hashing Systems

Hashing Systems

Distributed Ledger Technologies for a Web 3.0 world. Built on Hedera Hashgraph. Go to http://hns.domains and subscribe to our newsletter.