{"id":2313,"date":"2023-07-26T14:30:15","date_gmt":"2023-07-26T14:30:15","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=2313"},"modified":"2023-07-26T14:30:15","modified_gmt":"2023-07-26T14:30:15","slug":"what-is-ethereum-name-service-ens","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-ethereum-name-service-ens\/","title":{"rendered":"What is Ethereum Name Service (ENS) ?"},"content":{"rendered":"<p><a href=\"https:\/\/ens.domains\/\" target=\"_blank\" rel=\"noopener\"><strong>Ethereum Name Service (ENS)<\/strong><\/a> is a cool system that does the same job as the Domain Name System (DNS). Unlike DNS, ENS is distributed, open and can grow as much as we want.<\/p>\n<p>Now, let&#8217;s talk about when it all started. A smart engineer named <strong>Nick Johnson<\/strong>, who works at the Ethereum Foundation, came up with the idea for ENS. On May 4, 2017 he and all the other developers gave it the green light and that&#8217;s when ENS was officially released into the digital world.<\/p>\n<blockquote><p><span style=\"font-size: 105%;\"><strong>You might like it:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/what-is-worldcoin-wld\/\" target=\"_blank\" rel=\"noopener\">What Is Worldcoin (WLD) ?<\/a><\/strong><\/span><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-ethereum-name-service-ens\/#How_Does_It_Work\" title=\"How Does It Work ?\">How Does It Work ?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-ethereum-name-service-ens\/#How_to_get_Ethereum_Name_Service_ENS\" title=\"How to get Ethereum Name Service (ENS) ?\">How to get Ethereum Name Service (ENS) ?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-ethereum-name-service-ens\/#ENS_Token_and_Economy\" title=\"ENS Token and Economy\">ENS Token and Economy<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-ethereum-name-service-ens\/#ENS_Browsers\" title=\"ENS Browsers\">ENS Browsers<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-ethereum-name-service-ens\/#ENS_Ecosystem\" title=\"ENS Ecosystem\">ENS Ecosystem<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_It_Work\"><\/span><span style=\"font-size: 95%;\">How Does It Work ?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the world of cryptocurrencies, our wallet addresses look like a mix of <strong>letters<\/strong> and <strong>numbers<\/strong> and they can be really tricky to remember. For example, it could be something like 0x0bh25jg6.<\/p>\n<p>After this confusion, Ethereum Name Service came up with a smart solution. They created ENS technology, which is like a special tool that works on the Ethereum blockchain.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2322 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ether-300x190.png\" alt=\"\" width=\"482\" height=\"305\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ether-300x190.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ether-768x488.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ether.png 849w\" sizes=\"auto, (max-width: 482px) 100vw, 482px\" \/><\/p>\n<p>Here&#8217;s the cool part: With ENS, you can have a much easier address with .eth extension, like coinmuhendisi.eth.<\/p>\n<blockquote><p>It&#8217;s like having a nickname for your wallet address!<\/p><\/blockquote>\n<p>So, instead of dealing with the long and confusing address like 0xC2o0in2uH1e5di, you get to use the simple and memorable coinmuhendisi.eth address. ENS makes payments and transactions <strong>super simple<\/strong> and <strong>convenient!<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_get_Ethereum_Name_Service_ENS\"><\/span>How to get Ethereum Name Service (ENS) ?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>First, you&#8217;ll need an ethereum-based hot wallet. A popular one is called <strong>Metamask<\/strong>\u00a0which works well for this.<\/p>\n<p>If you&#8217;re not sure how to send coins to your wallet or do any of these steps, don&#8217;t be afraid! We&#8217;ve got you covered with a helpful video on our YouTube channel. It&#8217;ll guide you through the wallet installation process.<\/p>\n<p><iframe loading=\"lazy\" title=\"HOW TO SET UP METAMASK | HOW TO ADD NETWORKS TO METAMASK #21\" width=\"1020\" height=\"574\" src=\"https:\/\/www.youtube.com\/embed\/DfcoPljzo1g?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>Head over to ens.domains and connect your wallet. Now you can search for the domain name you want to buy.<\/p>\n<p>If your desired domain name is available, you can purchase it for as long as you like.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2325 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/enseth-300x172.png\" alt=\"\" width=\"509\" height=\"292\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/enseth-300x172.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/enseth-1024x587.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/enseth-768x440.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/enseth.png 1151w\" sizes=\"auto, (max-width: 509px) 100vw, 509px\" \/><\/p>\n<p>Keep in mind that domain names with 5 letters or more may have extra fees, so it&#8217;s better to choose a <strong>simple<\/strong> and <strong>short name<\/strong> that suits you.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"ENS_Token_and_Economy\"><\/span><span style=\"font-size: 115%;\">ENS Token and Economy<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>ENS Token <\/strong>is all about decentralization, meaning decisions for the project are made by the team and the community together. It works within the Ethereum Name Service Network. If you have ENS Tokens, you get to vote on community <strong>initiatives<\/strong>. The more tokens you have, the stronger your voting power.<\/p>\n<p>Now, let&#8217;s talk about the ENS Token Economy. There are <strong>100 million tokens in total<\/strong>, but only around <strong>28.6 million are currently circulating<\/strong>.<\/p>\n<p>Here&#8217;s how the tokens are distributed:<\/p>\n<ul>\n<li>50% in the DAO Community Treasury, with 10% released initially and the rest slowly over four years.<\/li>\n<li>25% to .ETH holders, who get tokens through airdrops.<\/li>\n<li>25% for contributors, with different amounts going to core supporters, selected integrations, future supporters, external supporters, startup advisors, key holders, active Discord users and translators.<\/li>\n<\/ul>\n<p>If you want to get your hands on some ENS Coins, you can find them on various big cryptocurrency exchanges. <strong><a href=\"https:\/\/accounts.binance.com\/en\/register?ref=RS70JTRA\" target=\"_blank\" rel=\"noopener\">Binance<\/a> <\/strong>is a popular one and you can even get a discount by using the link provided. There are other exchanges where you can find ENS Coins as well, like <a href=\"https:\/\/www.bybit.com\/en-US\/sign-up?affiliate_id=25212&amp;group_id=60583&amp;group_type=1\" target=\"_blank\" rel=\"noopener\"><strong>Bybit<\/strong> <\/a>and <a href=\"https:\/\/partner.bitget.com\/bg\/JVJzUr\" target=\"_blank\" rel=\"noopener\"><strong>Bitget<\/strong><\/a>.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"ENS_Browsers\"><\/span><span style=\"font-size: 130%;\">ENS Browsers<\/span><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2330 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ethbrowsers-276x300.png\" alt=\"\" width=\"582\" height=\"633\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ethbrowsers-276x300.png 276w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ethbrowsers.png 587w\" sizes=\"auto, (max-width: 582px) 100vw, 582px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h6><span class=\"ez-toc-section\" id=\"ENS_Ecosystem\"><\/span><span style=\"font-size: 170%;\"><strong>ENS Ecosystem<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2327 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ensecosystem.png\" alt=\"\" width=\"449\" height=\"912\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ensecosystem.png 449w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ensecosystem-148x300.png 148w\" sizes=\"auto, (max-width: 449px) 100vw, 449px\" \/><\/p>\n<hr \/>\n<p><em>You can present own thoughts as comment about the topic. Moreover, you can follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0and\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0channels for the kind of the news.<\/em><\/p>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Name Service (ENS) is a cool system that does the same job as the Domain Name System (DNS). Unlike DNS, ENS is distributed, open and can grow as much as we want. Now, let&#8217;s talk about when it all started. A smart engineer named Nick Johnson, who works at the Ethereum Foundation, came up<\/p>\n","protected":false},"author":1,"featured_media":2315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[621,623,625,624,106,105,622],"class_list":["post-2313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-project-review","tag-ens","tag-ens-browser","tag-ens-disturbution","tag-ens-economy","tag-eth","tag-ethereum","tag-ethereum-name-service"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Ethereum Name Service (ENS) ? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ethereum Name Service (ENS) is a cool system that does the same job as the Domain Name System (DNS). 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