Ethereum Name Service

What is ENS and how Does It Work?

The Ethereum Name Service (ENS) is a unique naming system constructed on the Ethereum blockchain. It operates in a way that mirrors the Domain Name Service (DNS), as it also deciphers human-friendly domain names into formats that are machine compatible. This system has incorporated exclusive design features drawn from Ethereum technology. ENS initiates top-tier domains including '.eth' and '.test', which are the domain property of smart contracts, designated as registrars. These registrars establish the guidelines for domain allocation and subdomain generation. Being a domain proprietor allows you the privilege of managing your subdomains to fit personal preferences. For example, an individual known as Alice who manages the 'alice.eth' domain could establish a subdomain named 'pay.alice.eth'. ENS allows integration of DNS names owned by users. Its structural hierarchy empowers domain owners with efficient subdomain management. ENS allows "reverse resolution", providing the ability to link metadata, such as canonical names and interface descriptions, with various Ethereum addresses. Allowing for utilization on both the Ethereum main network and testing networks, ENS is available to you if you are a developer via the ensjs JavaScript library.

How to Buy and Store ENS?

To purchase ENS, Flooz.xyz offers a streamlined process, ensuring a one-stop solution for your token acquisition needs. With Flooz.xyz, you can trade ENS directly using a smooth checkout, without the hassle of owning a wallet. It's as simple as tap, tap, go! All payment methods are supported, making it convenient for you to buy ENS.

Using Flooz self-custodial web wallet, you can seamlessly store, send, and receive ENS tokens. Creating a self-custodial wallet directly on Flooz is a breeze, and it can be done in a matter of seconds using your email, Google, or Apple ID. This powerful web wallet not only provides a seamless and optimized trading experience but also ensures that you have access to your funds at all times, thanks to the strength of cryptography.

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ENS Metrics:

• Current price: $19.9743

• Market cap: $2 B

• All-time high: $83.4 (Nov 11, 2021)

• All-time low: $7.05 (Jun 15, 2023)

• Daily trading volume: $2.97 M