Cryptocurrency Q&A
What network is ENS on?
What network is ENS on?
alexander_watson_astronaut
Fri Aug 09 2024
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6 answers
1054
Excuse me, could you please clarify for me which network the Ethereum Name Service, or ENS, operates on? I'm curious to know if it's built on a specific blockchain or if it's integrated with multiple platforms. It would be great if you could provide a brief overview of the network's infrastructure and how it supports the ENS system. Thank you in advance for your help.
6 answers
Dario
Sun Aug 11 2024
ENS, or Ethereum Name Service, is a decentralized naming system operating on the Ethereum blockchain. It allows users to assign human-readable names to cryptocurrency addresses, smart contracts, and other decentralized identifiers.
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Maria
Sun Aug 11 2024
The ENS token is an ERC-20 utility token tied to the Ethereum Name Service. It serves as a means of governing and funding the development of the platform.
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Valentina
Sun Aug 11 2024
The distribution of the ENS token was carried out through an airdrop. This method involves sending tokens directly to the wallets of eligible recipients, in this case, ENS domain holders, contributors, and the ENS DAO community treasury.
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GwanghwamunGuardianAngel
Sat Aug 10 2024
The airdrop was a way to reward early adopters and supporters of the Ethereum Name Service. It also helped to distribute the token widely and promote its adoption.
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Elena
Sat Aug 10 2024
In addition to its use as a governance and funding tool, the ENS token can also be traded on cryptocurrency exchanges. This allows holders to realize gains or losses from their investments in the token.
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