ENS domains can be bought and sold in the form of NFTs. This allows ownership of a domain to be validated.


NFTs

Users will no longer have to enter in the 64 character wallet address. They can now simply type in the ENS domain to send crypto. 


Simplify Crypto Transactions

Ethereum domains can also serve as a sign-in with Ethereum. This means that your ENS name could be used as a universal username across many platforms. Discord and Twitter are both social media sites working on adding Ethereum wallets, and Axie Infinity and Decentraland are crypto video games hoping to do the same. This would allow ENS to enter the mainstream and make the tokens, as well as the domains, more valuable. 


Ethereum Sign-in

New users of crypto may be weary of the wallet addresses. If 1 letter or number is out of place, the crypto will be lost forever. However, ENS simplifies these wallet addresses. This may encourage new users to begin using crypto as it simplifies the process. 


New users Attraction

NFTs
Simplify Crypto Transactions
Ethereum Sign-in
New users Attraction


University of Michigan - Ann Arbor

ENS Domains(Ethereum Name Service Domains) are a way to simplify wallet addresses. Wallet addresses are 64 characters long and can inhibit the sending of crypto.  ENS uses domains to replace these wallet addresses. A good comparison is that of a nickname. Someone could have a very long name, so they are often referred to as a nickname for simplicity. This is how ENS works. It takes the long wallet address and consolidates it to a domain like alice.eth. These domains can be bought and sold. They require fees to be held. 


ENS Domains

Ethereum Name Service (ENS)

-Controller
-Label
-Name
-Namehash
-Node
-Registrar
-Registration
-Registrant
-Registry


Learn Before

Related

Learn After

Learn After

Related