What is ENS?

_{What is Ethereum Name Service?}

Ethereum Name Service (ENS) is a decentralized naming system built on the Ethereum blockchain.
To make crypto addresses easier to use, it converts complex machine-readable addresses into easy-to-understand names like 'alice.eth.'
It also stores additional information such as other cryptocurrency addresses, hash content and profile information. Think of it as a Domain Name System (DNS).
More diverse versions on the blockchain

_{Native Blockchain:}

Ethereum Name Service (ENS) is not a native blockchain, but it is a system that runs on the Ethereum blockchain.
ENS uses Ethereum as the basis to manage and record relevant data.

_{Consensus protocol:}

Because ENS runs on the Ethereum blockchain, which uses Proof of Stake (PoS) as a consensus protocol

_{Founder/Date founded:}

Ethereum Name Service (ENS) was founded by Nick Johnson, the developer of the Ethereum Foundation
Nick Johnson has started developing ENS to make the use of Ethereum addresses easier and more user-friendly.

_{Objective/Use case:}

Ethereum Name Service (ENS) is like a nickname system for blockchain addresses
By replacing long and hard to remember Ethereum addresses with simple and easily recognizable names.
For example, instead of having to remember “0x1234abcd...”
Users can use names like “alex.eth”, which makes it much easier to send and receive crypto on platforms like Ethereum.

_{Total supply/Limit or Unlimited:}

There is no clearly defined total supply like any other coin or token, since ENS is a naming system on the Ethereum blockchain.

_{Supply Deflation:}

There is no official token burning data associated with ENS tokens in the system.

_Source:

https://siamblockchain.com/2024/10/28/what-is-ethereum-name-service-ens-a-guide-to-making-crypto-transactions-easier/

https://www.maxbit.com/asset-information/ENS

https://coinmarketcap.com/currencies/ethereum-name-service/

https://www.coingecko.com/en/coins/ethereum-name-service

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