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Handshake’s decentralized approach to the domain name system (DNS) could potentially overcome some of the limitations and issues associated with ICANN’s centralized system. Here are a few ways Handshake aims to do this:

  1. Decentralization: By using a decentralized architecture, Handshake aims to create a more resilient and censorship-resistant DNS. This means that no single entity has control over the system and it is less susceptible to attacks or failures.
  2. Accessibility: Handshake aims to make the process of registering and managing domain names more accessible to people around the world, particularly those in developing countries who may currently face barriers to accessing ICANN’s centralized system.
  3. Innovation: Handshake’s decentralized approach could also open up new possibilities for innovation in the domain name space, as it allows for the development of new decentralized applications and services that can be built on top of the Handshake protocol.

However, it’s worth noting that ICANN has been around for quite a while and has a lot of infrastructures and protocols in place to maintain the stability and security of the internet. It’s not a simple task to replace ICANN, but Handshake could be a save alternative solution for many use cases.