What Is Ethereum Name Service (ENS)? A Beginner’s Guide

What is Ethereum Name Service (ENS)? A Beginner’s Guide

Key Takeaways

  • Ethereum Name Service is a protocol that “translates” ETH addresses into a human-readable form. It can be easily recognized by an extension “.eth”, although it lets you choose from a wider variety;
  • Since November 2021, ENS has been governed by a DAO. The voting is done off- and on-chain, and the latter utilizes a native token ENS;
  • ENS is used in the most popular crypto products: Coinbase, Metamask and Uniswap, among others.

What is Ethereum Name Service?

ENS Logo
  • registry — a smart contract that stores all the names, subdomains and their owners;
  • registrars — smart contracts that own domains and release subdomains to owners that meet the criteria;
  • resolvers — smart contracts that stores and serves records on request. These smart contracts can be though of as entities that actually do the interpreting.

History and Team behind ENS

What is ENS Crypto Token?

What is Ethereum Name Service and ENS used for?

Comparison with Similar Projects: FIO Protocol

What is Ethereum Name Service Criticized For?

Partnerships and the Future of ENS

ENS on Social Media

How to Store the ENS Token?

How to Exchange ENS?

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives. The Best Rate transactions will use the rate current to the time when your funds arrive.
    Fixed Rate will use the rate at the time of step 1;
  5. As soon as the exchange has been processed, your AAVE is on the way to your wallet.

Conclusion

Frequently Asked Questions

What is Ethereum Name Service?

What is ENS crypto?

How do I register ENS?

What is the future of ENS crypto?

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