What is the meaning of 'ENS' in the context of cryptocurrency?

3 answers

• Dec 25, 2021 · 3 years ago
  ENS stands for Ethereum Name Service. It is a decentralized domain name system built on the Ethereum blockchain. ENS allows users to register and manage domain names that end with .eth. These domain names can be used to associate human-readable names with Ethereum addresses, smart contracts, and other resources on the blockchain. ENS simplifies the process of sending and receiving cryptocurrency by replacing long and complex addresses with easy-to-remember domain names. It also enables the creation of decentralized websites and applications on the Ethereum network. In short, ENS provides a user-friendly and decentralized way to interact with the Ethereum blockchain.
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• Dec 25, 2021 · 3 years ago
  ENS, short for Ethereum Name Service, is a system that allows users to register and manage domain names on the Ethereum blockchain. It provides a way to associate human-readable names with Ethereum addresses and other resources. Instead of using long and complicated addresses, users can simply use a domain name that ends with .eth to send and receive cryptocurrency. ENS also enables the creation of decentralized websites and applications on the Ethereum network. It brings convenience and accessibility to the world of cryptocurrency by making transactions easier and more user-friendly.
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• Dec 25, 2021 · 3 years ago
  ENS, also known as Ethereum Name Service, is a decentralized domain name system on the Ethereum blockchain. It allows users to register and manage domain names that end with .eth. The main purpose of ENS is to replace complex Ethereum addresses with easy-to-remember domain names. This makes it more convenient for users to send and receive cryptocurrency. Additionally, ENS enables the creation of decentralized websites and applications on the Ethereum network. It plays a crucial role in improving the user experience and promoting the adoption of cryptocurrency.
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