Ethereum Name Service – Time To Buy Crypto

Is it a good time to buy Ethereum Name Service right now?

Current Price: $15.74

Average Daily Volume

Ethereum Name Service is currently ranked number 116 worldwide with a daily trading volume of $49,935,658.00, which it will make it super easy for you to sell your holdings of Ethereum Name Service.

Rating: 5/5

Market Cap

Ethereum Name Service has a total market cap of $405,386,510.00.

Rating: 5/5

Community

Ethereum Name Service has 265,630 total followers in all its social media accounts.

Rating: 5/5

All Time High

Ethereum Name Service is currently -81.13% from its highest price $83.40 on 2021-11-11.

Rating: 5/5

Price Potential

The Ethereum Name Service price has the potential to increase to $3,970.77 during the next cryptocurrency bull market, which may occur within the next five years.

Overall Score

Our algorithm believes it is an excellent time to invest in Ethereum Name Service right now.

Overall rating: 5/5

How to buy Ethereum Name Service today?

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What Is Ethereum 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. 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. Anyone may, by following the rules imposed by these registrar contracts, obtain ownership of a domain for their own use. ENS also supports importing in DNS names already owned by the user for use on ENS.

Because of the hierarchal nature of ENS, anyone who owns a domain at any level may configure subdomains - for themselves or others - as desired. For instance, if Alice owns 'alice.eth', she can create 'pay.alice.eth' and configure it as she wishes.

ENS is deployed on the Ethereum main network and on several test networks. If you use a library such as the ensjs Javascript library, or an end-user application, it will automatically detect the network you are interacting with and use the ENS deployment on that network.

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