Cryptocurrency Q&A
Is ENS domain free?
Is ENS domain free?
CryptoVisionary
Wed May 29 2024
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7 answers
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Could you please clarify for me, is the ENS domain free to acquire or does it come with a cost? I've been hearing a lot about the ENS system and its potential uses in the crypto world, but I'm still not entirely sure about the financial aspect of it. Is there a one-time fee or are there ongoing costs associated with owning an ENS domain? Could you also explain what benefits come with owning such a domain? I'm really interested in exploring this area further but want to make sure I understand all the costs involved before making a decision. Thank you for your assistance.
7 answers
StormGlider
Fri May 31 2024
The contract enables verification of DNS records through an off-chain gateway. This mechanism significantly reduces the complexity and cost associated with on-chain verification.
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lucas_taylor_teacher
Fri May 31 2024
By leveraging the off-chain gateway, users can now verify their DNS records without having to bear the burden of gas fees. This represents a significant cost savings for individuals and organizations alike.
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ZenFlow
Fri May 31 2024
The advent of a novel smart contract has revolutionized the landscape of blockchain technology, specifically in relation to DNSSEC proofs. This innovative contract addresses a significant challenge faced by Ethereum blockchain users.
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TaekwondoMasterStrength
Fri May 31 2024
The implementation of this smart contract marks a significant milestone in the integration of blockchain technology with traditional DNS systems. It opens up new possibilities for the utilization of real domain names within the ENS ecosystem.
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KimonoElegantGlitter
Fri May 31 2024
Traditionally, storing vast quantities of DNSSEC proofs on the Ethereum blockchain was a cumbersome and costly process. However, the new smart contract offers a streamlined solution, eliminating this need.
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