In the early days of the web, to access a website you needed to enter an IP address, a string of numbers that was hard to remember and almost impossible to guess. After that, the process of surfing the web became simpler with names that were easy for humans to read. Likewise, cryptocurrency is now like the IP address stage: 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 easy to use cryptocurrencies like surfing the web.
The following article will explore how it works, where it comes from, and how you can secure a domain with emojis.
What is Ethereum Name Service (ENS)?
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 address resources using human readable names. It is a fully decentralized domain name provider that allows anyone to buy and manage domains, meaning you can send ETH or ERC20 tokens to “realsatoshi.eth”, instead of to “8e866f012fb8fb”.
Who invented the ENS?
Nick Johnson and Alex Van de Sande of the Ethereum Foundation were the builders of the original ENS development.
ENS What’s special?
ENS is built on Ethereum smart contracts, making it more secure, private, and censorship resistant than the internet’s Domain Name Service (DNS). The ENS operations team considers the naming infrastructure on the internet to be a fundamental component and therefore should be open, decentralized, community driven and non-profit. On a technical level, ENS can make use of the existing Ethereum ecosystem, i.e. highly programmable and interoperable with other smart contracts beyond naming.
Unlike some of its competitors, ENS doesn’t want to replace DNS. ENS prioritizes providing reliable, decentralized domain name resolution for Web3 resources such as blockchain addresses and decentralized content, while Namecoin, Blockstack, and Handshake are working to replace DNS.
The essence of ENS
Under the hood, ENS is basically 2 smart contracts. The ENS registry records all domains and subdomains, as well as the owner’s details and links to the Resolver (which is another smart contract that handles name-to-address translations or other types of documents). other and vice versa).
ENS operates similarly to the Internet’s DNS in that it has a tiered system that allows domain owners to control all subdomains. So realsatoshi.eth can create wallet.realsatoshi.eth and email.realsatoshi.eth.
How to get your own ENS domain?
By using an Ethereum wallet like MetaMask, you can visit manager.ens.domains to search for available domains. Once you have found your domain name, the system will guide you to register and ask to confirm 2 transactions from your wallet. You will also have to choose how long (years) you want to register the domain name for $5/year rent. Now, as the domain owner, you can set up the various addresses or information you want the name to associate with as well as any subdomains.
What can you do with ENS?
The best thing to do with ENS is to replace the long, unreadable Ethereum address with a friendly, easy-to-remember ENS address like realsatoshi.eth. This makes it easy to receive crypto assets and import ENS addresses into Ethereum applications without the need to copy and paste long zigzag public addresses.
In addition, 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 for a directory of decentralized websites. You can access this site as it allows MetaMask or thanks to the Internet’s Web3 and DNS connectivity efforts you can add .links to decentralized websites and access them without MetaMask or a browser special.
ENS is not just .eth. That’s just one top-level domain, and ENS plans to integrate the entire DNS namespace including more than 1,300 top-level domains so that DNS website owners can use that name on ENS. Not the .eth but also the .org. So realsatoshi.org can be linked to realsatoshi.eth and the visitor viewing the content, sending money to the same place.
Dislaimer: This information is provided as a personal blog, not general information or investment advice. We are not responsible for your investment decisions.
Follow the Twitter page | Subscribe to Telegram channel | Follow the Facebook page