Ethereum Name Service
Ethereum Name ServiceName
Ethereum Name Service
Summary
The Ethereum Name Service is a decentralized, open, and extendable naming system.
-It is founded by lead developer Nick Johnson with a strong team of 9 members
-It is secured by a proof-of-work consensus mechanism
Rating
Symbol
ENS
Overview
The Ethereum Name Service (ENS) is a blockchain-based distributed, open, and extendable naming system. ENS translates human-readable Ethereum addresses like john.eth into machine-readable alphanumeric codes that wallets like Metamask are familiar with. It's also feasible to convert metadata and machine-readable Ethereum addresses back to human-readable Ethereum addresses.
The Ethereum Name Service's purpose is to make the Ethereum-based web more accessible and understandable for humans, similar to how the Domain Name Service makes the internet more accessible. ENS, like DNS, uses a system of domains, which are dot-separated hierarchical names in which domain owners have complete authority over their subdomains.
Historical Price Movement (in INR)
Technology
All domain names are hashed into 256-bit cryptographic hashes to make smart contract interaction in ENS easier, The domain names are first normalised using the UTS-46 standard, which removes any invalid characters and ensures that upper- and lower-case characters are equal.
Since, its built on ethreum blockchain, it is secured by proof of work consensus and supports solidity as its programming language.
Use of Native tokens in the ecosystem: The platform's native token, ENS, is utilised for the following functions:
The ENS DAO is in charge of crucial aspects of the ENS protocol, such as pricing, the price oracle, and so on. Only proposals with at least 100K ENS tokens can be submitted. For approval, a simple majority with a quorum of at least 1% of all tokens is required.
Treasury Grants: Holders of ENS tokens will vote on whether or not to approve treasury grants and expenditures. The treasury will get future revenue.
DAO Community Treasury
50%
Airdrop to .ETH holders
25%
Contributors
25%
Volume (23rd April 2022)
$40,006,965
Total Supply
100000000
Circulating supply
20,244,862.09 ENS
Crowd Sales
NA
Funding
NA
Country
Switzerland
Name of Organization
Ethereum Foundation
Year Incorporated
2018
Registered Address
Zeughausgasse 7a, 6300 Zug, Switzerland.
Dispute Resolution and Governing Law
Switzerland
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Nick Johnson | Co-Founder | University of Canterbury: BSc, Computer Science | 20 Yrs |
