In the early days of the web, to access a website you needed to enter an IP address, a string of numbers that is difficult to remember and almost impossible to guess. After that, the web surfing process becomes simpler with names that are easy for people to read. Likewise, the current cryptocurrency is like the IP address phase: users have to use long, hard to remember addresses to access the services they need. That’s where the Ethereum Name Service comes in. The system makes it easier to use cryptocurrencies like surfing the web.
The following article will explore how it works, where it comes from, and how you can secure an emoji domain name.
Ethereum Name Service (ENS) price, marketcap, chart, and fundamentals info
Simply put, ENS is a lookup system. It links information to a name. ENS is not an Ethereum-only naming service, it is a service built on top of Ethereum. The system provides a secure and decentralized way to deal with resources using human-readable names. This is a fully decentralized domain name provider, allowing people to buy and manage domain names, meaning you can send ETH or ERC20 tokens to “realsatoshi.eth”, instead of “8e866f012fb8fb”.
Who invented the ENS?
Nick Johnson and Alex Van de Sande of the Ethereum Foundation were the builders of the early ENS development.
What’s so special about ENS?
ENS is built on Ethereum smart contracts, so it’s more secure, private, and censorship-proof than the Internet’s Domain Name Service (DNS). The ENS operating team considers internet-named infrastructure a fundamental component and should therefore be open, decentralized, community-oriented and non-profit. On a technical level, ENS is able to utilize the existing Ethereum ecosystem i.e. have high programmability and interact with smart contracts other than naming.
Unlike some competitors, ENS does not want to replace DNS. ENS prioritizes providing reliable, decentralized domain resolution for Web3 resources such as blockchain addresses and decentralized content, while Namecoin, Blockstack, and Handshake are working to replace DNS.
The nature of ENS
Under the hood, ENS are basically 2 smart contracts. The ENS Registry records all domains and subdomains, as well as owner’s details, and links to Resolver (another smart contract that handles translations from name to address or account type. and vice versa).
ENS functions similarly to the Internet’s DNS in that it has a hierarchy that allows the domain name owner to control all the subdomains. So realsatoshi.eth can create wallet.realsatoshi.eth and email.realsatoshi.eth.
How to get your own ENS domain name?
By using an Ethereum wallet like MetaMask, you can go to manager.ens.domains to search for available domain names. Once you have found your domain name, the system will guide you to register and request confirmation of 2 transactions from your wallet. You will also have to choose the time (year) you want to register a domain name for $ 5 / year. Now, as the domain name owner, you can set up various addresses or information that you want that name associated with as well as any subdomains.
What can you do with ENS?
The best thing to do with ENS is to replace a long, unreadable Ethereum address with a friendly, easy-to-remember ENS address like realsatoshi.eth. This makes it easy to get crypto assets as well as import ENS addresses into Ethereum applications without having to copy and paste long, zigzag public addresses.
Additionally, the decentralized web is being built on top of a partnership between ENS and the IPFS file storage system. A great place to start is at almonit.eth which seeks to find a directory of decentralized websites. You can visit this website because it allows MetaMask or thanks to the Web3 connection and internet DNS efforts you can add .link to decentralized websites and access them without MetaMask or browser especially.
ENS isn’t just .eth. It’s just a top-level domain, and ENS plans to integrate the entire DNS namespace including more than 1,300 top-level domains so that DNS site owners can use that name on the ENS. It’s not .eth but also .org. So realsatoshi.org can be linked to realsatoshi.eth and visitors view the content, send money to the same location.