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Ethereum Name Service

ENS
$4.99+7.08%Rank #165
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Overview

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About Ethereum Name Service

Ethereum Name Service (ENS) is ranked #165 by market capitalisation, at $210.9M. Circulating supply: 42.28M ENS, out of a maximum supply of 100M. The price is 94.0% below its all-time high of $83.40, set on November 10, 2021. Categories: NFT, Ethereum Ecosystem, Decentralized Identifier (DID), Name Service.

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.

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ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses. ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain.

Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains. Top-level domains, like ‘.eth’ and ‘.test’, are owned by smart contracts called registrars, which specify rules governing the allocation of their subdomains.

Project description: CoinGecko (in English).