What is ENS and how does it relate to cryptocurrency?

3 answers

• Mar 18, 2022 · 3 years ago
  Sure! ENS stands for Ethereum Name Service, which is a decentralized domain name system built on the Ethereum blockchain. It allows users to register and manage domain names ending in .eth. These domain names can be associated with Ethereum addresses, making it easier to send and receive cryptocurrency. Instead of using long and complicated addresses, you can simply use a human-readable domain name. ENS is important in the crypto world because it simplifies the user experience and increases the accessibility of blockchain technology.
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• Mar 18, 2022 · 3 years ago
  ENS is like the internet's version of a phone book for Ethereum addresses. It translates human-readable domain names into the long and complex Ethereum addresses. This makes it easier for people to interact with the Ethereum blockchain without having to remember or type in those lengthy addresses. It's a game-changer for usability and convenience in the crypto space.
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• Mar 18, 2022 · 3 years ago
  BYDFi is a cryptocurrency exchange that also supports ENS. With BYDFi, you can easily register and manage your ENS domain names, and seamlessly integrate them with your cryptocurrency transactions. It's a user-friendly platform that simplifies the process of using ENS in the crypto world. Check out BYDFi for a seamless ENS experience!
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