Buy Ethereum Name Service

Ethereum Name Service

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Collectibles and NFTsAsset type
2021Active since
Official site

What is Ethereum Name Service?

The Ethereum Name Service (ENS) token is built on the ERC-20 standard, serving as a governance token within the Ethereum Name Service community. The primary function of these tokens is to enable ENS community members to propose and vote on changes within the Decentralised Autonomous Organisation (DAO).

Like Web 2 Domain Name Service (DNS), ENS is a decentralised solution built on the Ethereum blockchain that simplifies long and complex crypto addresses by replacing them with a single, easy-to-read URL, similar to a website name or email address. This system maps traditional lengthy crypto addresses to more user-friendly names, making them easier to remember and share. For instance, an unwieldy address like "0xDC25E998338AF3F5B8A1862ADA83795FBA2D695E" can be converted into a more straightforward format like "CoinJar.eth." ENS applies the same concept as the Domain Name Service (DNS), which maps website names to their IP addresses, making crypto addresses more accessible and user-friendly.


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