Excuse me, I'm new to the world of cryptocurrencies. Could you please explain what Ethereum Name Service (ENS) is? I've heard it mentioned in a few conversations, but I'm not quite sure what its purpose is or how it works. Is it similar to a domain name system for websites, or is it something completely different? Also, what are the benefits of using ENS? Thank you for your time and assistance.
7 answers
SumoPowerful
Thu Mar 28 2024
This system is built upon the Ethereum blockchain, leveraging its smart contract capabilities to offer a decentralized and secure naming mechanism.
LucyStone
Thu Mar 28 2024
ENS allows users to map human-readable names, such as "alice.eth" or "bob.crypto", to Ethereum addresses, making it easier to identify and interact with blockchain-based assets.
GeishaMelody
Thu Mar 28 2024
This naming system is extensible, meaning it can be integrated with various applications and services to provide a seamless user experience.
noah_doe_writer
Thu Mar 28 2024
Ethereum Name Service, commonly referred to as ENS, is a distributed and extensible naming system.
Riccardo
Thu Mar 28 2024
ENS has found widespread adoption in the cryptocurrency community, as it addresses the challenges associated with remembering and sharing long and complex blockchain addresses.