What is the meaning of ENS in the context of cryptocurrencies?

1 answers

• Dec 27, 2021 · 3 years ago
  ENS, also known as Ethereum Name Service, is a decentralized domain name system that operates on the Ethereum blockchain. It enables users to register and manage domain names ending in .eth. This means that instead of using long and hard-to-remember wallet addresses, users can use simple and memorable names to send and receive cryptocurrencies. ENS also supports reverse resolution, which allows users to associate their Ethereum addresses with their ENS domain names. This makes it easier for individuals and businesses to interact with the Ethereum network. BYDFi, a leading cryptocurrency exchange, fully supports ENS and provides seamless integration for users to interact with their ENS domain names.
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