What Does “Status Reviewed” Mean on Handshake?
When using Handshake, a decentralized domain name protocol, users may encounter the status “Reviewed” for their domain names or transactions. Understanding what this status entails is crucial for those participating in the Handshake ecosystem.
Definition of “Status Reviewed”
The “Reviewed” status indicates that a particular domain or transaction has undergone a thorough examination by the Handshake network or its community members. This status is pivotal as it suggests that there has been scrutiny to ensure compliance with Handshake protocols and standards.
Implications of a “Reviewed” Status
- Verification:
The domain has been verified for authenticity, ensuring that it adheres to the network’s guidelines.
Community Oversight:
The status often reflects a form of community oversight, as members may engage in the review process to maintain the integrity of the network.
Next Steps:
- After receiving the “Reviewed” status, users may see progress toward finalization. This could include moving to a “Confirmed” status if further actions are met.
Why It Matters
- Trustworthiness: A domain with a “Reviewed” status is generally considered more trustworthy, as it implies a level of quality control.
- Reduced Risks: For buyers and sellers, knowing that a domain has been reviewed can help mitigate risks associated with scams or fraudulent activities.
Conclusion
The “Reviewed” status on Handshake serves as an essential indicator of reliability and compliance within the domain registration process. Understanding its significance helps users navigate the Handshake ecosystem with greater confidence.