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Welcome to the home of Web3 domains, the Ethereum Name Service (ENS). In this video, we will explain what ENS is, how it works, and how to set up an ENS domain and we will also cover some rough price predictions for the $ENS token.
What is Ethereum Name Service?
Ethereum Name Service (ENS) was first launched in 2017 and is a distributed and open-source naming system home to the Ethereum blockchain. Their mission is to simply provide every user on the Ethereum ($ETH) network with a custom domain/username. But why?
The Ethereum Name Service is made up of two Éthereum Smart Contracts:
- The ENS Registry - The Registry is where all the domain names and recorded and stored.
- The Resolver - This is key as the Resolver will translate the domain username to the original crypto address format, which is machine-readable.
ENS Domains
ENS domains are obtainable by everyone and anyone with an Ethereum wallet address (e.g. 0x123). Users are capable of creating a unique username/domain that will represent their wallet address, enabling safer and more efficient transactions between peers.
Each domain is minted and registered by the user for a minimum of 1 year at a time. The Ethereum Name Service (ENS) protocol has integrated into over 700+ dApps on the Ethereum network. Although ENS is currently only available on the Ethereum mainnet, soon come we will see the major integrations to leading Ethereum Layer 2 networks such as Arbitrum, Base, Optimism and more to come…
The Complete ENS Guide [Ethereum Name Service Tutorial & Review]
If you’re looking to get started with an Ethereum Name Service (ENS) domain, then you can check out this quick and comprehensive guide which will take you every step of the way. In this video, we will explore the future developments coming to the ENS protocol including the shift to major Ethereum Layer 2 networks as well as a rough deep dive into the $ENS token.
Official Ethereum Name Service Links
Disclaimer
The content provided in this article is strictly intended for informational purposes. Nothing said in this article is financial advice. It is important to proceed with caution and diligence when using cryptocurrencies. Always invest what you are prepared to lose and remember that you are entirely responsible for your assets and investments. The author and the publication do not endorse or recommend any of the cryptocurrencies, protocols or strategies in this article.
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