Ethereum Name Service (ENS)

Crypto terminology for Etherscan provides essential definitions and explanations of key terms, aiding users in navigating Ethereum blockchain data efficiently.

Ethereum Name Service (ENS) is a decentralized naming system built on the Ethereum blockchain. It allows users to register human-readable domain names, such as “yourname.eth,” which can replace complex alphanumeric wallet addresses.ENS operates similarly to traditional domain name systems but is designed to enhance security and usability within the Ethereum ecosystem. By using ENS, users can easily send cryptocurrencies or interact with decentralized applications without needing to remember long strings of characters.The service includes functionality for managing and transferring domain names, similar to how one would handle a domain in a conventional DNS. ENS names can also point to various resources, such as IPFS hashes or other cryptocurrency addresses.ENS aims to provide a more user-friendly experience and increase accessibility for users who may find standard wallet addresses cumbersome. This simplicity helps in promoting broader adoption of blockchain technology.

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