How does Ethereum Name Service work?

Ethereum Name Service makes things quite simple. Using the protocol, you can create your domain, using just about any characters you would want. Once you find a domain you want that is available, you can claim it by confirming two transactions from your wallet. As Forkast reports, there is also a $5 annual fee associated with each domain.

What will be the price of Ethereum Name Service in 2023?

If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions. According to our deep technical analysis on past price data of ENS, In 2023 the price of Ethereum Name Service is predicted to reach at a minimum level of $15.79.

Will 10,000 Eth (Eth) be liquidated to cover operating costs?

A governance proposal put forward by a member of the Ethereum Name Service (ENS) DAO, decentralized autonomous organization, suggests liquidating 10,000 ether (ETH) to cover operating costs over the next two years. ENS is a decentralized domain name protocol that recorded over 2.8 million domain registrations in 2022.