What makes ENS Standout?
- Open Source: Ethereum is open source, distributed, extensible naming system project that makes it truly unique.
- Secure: It is secure since the transaction is validated by a set of decentralized nodes. The proof of work consensus mechanism requires miners to mine new Ether. This mechanism secures the ENS.
- Prone to failure: It doesn’t have a single point of failure due to blockchain technology and cannot be hacked.
- Easy to use: ENS system eliminates the major obstacle of blockchain technology that is, accessibility and ease of use.
- Enhanced UI: Users directly receive a crypto token or NFT instead of machine-readable code. This makes the technology simpler and enhances user experience.
What is Ethereum Name Service (ENS)?
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. Ethereum addresses are harder than IP. Long hex addresses are almost impossible to remember. So the Ethereum name service was created. The job of ENS is to convert human-readable addresses like yourname.eth to machine-readable addresses like veryverylongname.hash.you… that have IP hashes, wallets, smart contracts, etc. The native name suffix is .eth. ENS Ecosystem has wallets like coin base wallets and mycrypto, apps like OpenSea and Etherscan, and browsers like Beacon and EthDNS. The goal is to make easy access to Ethereum-based web for humans similar to DNS.