ethereum ens , parallel nft ethereum 500mmatneytechcrunch

What is ENS in Ethereum?

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice. eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.

What is ENS coin?

ENS is an Ethereum token that governs the Ethereum Name Service, a protocol for human-readable crypto addresses and decentralized domain names. ENS will be used to propose and vote for changes to the protocol.

What can you do with an ENS domain?

The best thing to do with ENS is to replace your long, unreadable Ethereum address with a friendly, memorable ENS address such as realsatoshi. eth. This makes it easier to receive crypto assets as well as enter your ENS address into Ethereum dapps without needing to copy and paste the long public address.Feb 16, 2022

Is ens a good investment?

Overall, ENS is a good cryptocurrency to invest in, and you can invest in it.6 days ago

Leave a Reply

Your email address will not be published.