Ethereum Name Service (ENS)

What is Ethereum Name Service (ENS)?

The Ethereum Name Service (ENS) Token has been introduced as a means for decentralised naming of wallets, websites and more. The service is part of the Ethereum (ETH) Network and allows users to create their web3 username. Different to a sandboxed username, you can own your username selecting and avatar and other profile data for use across services.

ENS addresses the issue of multiple address and having to copy and paste each time to received assets. Your ENS name can be used to store all your addresses and receive any cryptoassets, token or NFT by just using the name.

Decentralised websites can also be launched using the Ethereum Name Service (ENS) for censorship-resistance. This allows for any interested to set up their own website, reducing many maintenance or start-up costs associated with a website. The native name suffix for ENS is .eth, providing all the security benefits of a native blockchain. User may still use Ethereum Name Service with DNS name such as .com, .org, .io and more. ENS itself is classified as a Decentralised Autonomous Organisation (DAO), which means the company runs autonomously on its own, without an entity or organisation. This can create a trust-less network encouraging those to participate.

Team

Ethereum Name Service (ENS) started at the Ethereum Foundation in early 2017, separating with a Singapore-based organisation in 2018, True Names LTD. Development of the network is managed by the non-profit which is an internet infrastructure that belongs to the community.

Nick Johnson – Creator and Lead Developer

Jeff Lau – Frontend and Solidity Developer

Makoto Inoue – JS and Solidity Developer

Kevin/Validator.eth – Support Lead

Leon Talbert – Frontend Developer

Richard Moore – Advisor

Muhammed Tanrikulu – Full Stack Developer

Alisha.eth - Community Manager

Taytems.eth - Frontend Developer

Roadmap

Q3 – 2020 – ENS Integrates Chainlink for Price Oracle, Network reaches halfway through decaying prices premium, Web3API Nominated Winner of HackFS, ENS now Available in 10 Languages.

Q4 – 2020 – Release of ensjs and ENS Integration Workshop, Access to ETH2 Deposit Contract with ENS, Winner of ENS + MakersPlace NFT, ENS Now Supports WalletConnect.

Q1 – 2021 – ENS Mints ERC-721 Tokens Representing 25 DNS Top Level Domains, ENS partners with CloudFlare for improved ETH.LINK service, DNS namespace integration on Testnet, Improvement to Fleet Deployment on ENS & IPFS. Everest Created on-chain directory of KYC and Humaness with ENS name ‘Ever.eth’ ENS ‘Reverse Records’ to show Ownership, NFT’s of ENS TLD’s Auctioned.

Q2 – 2021 – Manage ENS Names with Gnosis Safe, 200+ Integrations to Ecosystem, Donation of 180 ETH to Gitcoin Grants, Improved Renewal of .eth Names at Once.

Q3 – 2021 – Support for ENS for Multi-chain dApps, ENS at EthCC4 to Scale ENS, Guide to Importing a DNS Domain Name to ENS, Full DNS Namespace integration to ENS on Mainnet.

Q4 – 2021 – Setting an NFT as your ENS Profile Avatar.

Q1 – 2022 – Improved ENS Support for EVM-Compatible chains.

Where to Store Ethereum Name Service (ENS)?

Ethereum Name Service (ENS) can be held within a compatible Ethereum wallet such as Coinbase, Rainbow, Trust Wallet, Bitcoin.com, MyCrypto, BRD, MyEtherWallet and many more so make sure you check out our Wallet Guides. You can also purchase ENS with us and store within our Coin Storage service.

Where to Buy and Sell Ethereum Name Service (ENS)?

Choose to Buy & Sell Ethereum Name Service (ENS) by heading over to the Buy Coins page of our website. ENS is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Simply place your order and provide your wallet address. Once your payment arrives ENS will be sent directly to your wallet.

If you choose to Sell Ethereum Name Service (ENS) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.

Ethereum Name Service (ENS) Resources

Website: https://ens.domains/

Block Explorer: https://etherscan.io/token/0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72

Twitter: https://twitter.com/ensdomains

Medium: https://medium.com/the-ethereum-name-service

Github: https://github.com/ensdomains

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.