Ethereum Name Service (ENS) is the pioneering open-source, public blockchain domain protocol built on the Ethereum blockchain. It transforms complex crypto wallet addresses into human-readable domains (e.g., yourname.eth), streamlining transactions and decentralized web access. ENS serves as the native governance token for this ecosystem.
Why ENS Domains Matter
- Simplified Crypto Transactions: Map ETH addresses, content hashes, and metadata to memorable names.
- NFT-Based Ownership: Purchasing an ENS domain generates an ERC-721 NFT, representing your renewable annual contract.
- Multi-Chain Compatibility: Supports traditional domains (e.g.,
.com,.xyz) alongside.ethfor seamless integration. - Subdomain Flexibility: Create custom subdomains (e.g.,
payments.yourname.eth) for organizational needs. - Decentralized Websites: Host censorship-resistant sites via IPFS using ENS domains.
👉 Discover how ENS compares to traditional DNS systems
ENS Integrations and Partnerships
With 463+ integrations, ENS is widely adopted across:
- Wallets: MetaMask, Trust Wallet, Coinbase
- DeFi Platforms: Uniswap, Aave
- Infrastructure: Cloudflare, Etherscan, Brave Browser
ENS Tokenomics and Governance
| Metric | Detail |
|---|---|
| Total Supply | 100 million ENS |
| Distribution | 50% to DAO Treasury, 25% to users via airdrop, 25% to contributors |
| Unlock Schedule | 4-year vesting period |
Key Highlights:
- ENS holders vote on protocol upgrades via ENS DAO.
- DAO funds support grants, hackathons, and community growth.
Founder and Development Background
Founded in 2017 by Nick Johnson (Ethereum Foundation), ENS operates under Singapore-based True Names LTD. Backers include:
- Ethereum Foundation
- Chainlink
- Protocol Labs
ENS Price Drivers
- Adoption Metrics: 652,000+ registered domains.
- Ethereum Ecosystem Growth: ENS benefits from Ethereum's scalability upgrades.
- Partnerships: Collaborations like Cloudflare’s IPFS gateway enhance utility.
FAQ: Ethereum Name Service Explained
Q: How do I buy an ENS domain?
A: Visit the ENS official app, search for your desired name, and pay with ETH.
Q: Can ENS domains expire?
A: Yes, but you can renew annually. Expired domains enter a 90-day grace period before becoming available.
Q: What makes ENS different from DNS?
A: ENS is decentralized, NFT-based, and integrates natively with Web3 apps.
👉 Explore ENS domain availability today
Note: All financial data reflects real-time market conditions. For the latest ENS price, check trusted crypto trackers.
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