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• ENS tokens allow the holders of the coin to govern the protocol and influence key decisions and vote on the pricing of its .eth addresses and their price oracle.
• ENS was founded by credible and well-known computer engineer Nick Johnson and backed by the Ethereum Foundation.
• It is the first service to solve the readability issue of crypto addresses and has wide recognition among crypto users.
ENS is the utility and governance token of an ecosystem of the same name. ENS is based on the Ethereum blockchain that serves the purpose of converting long and confusing alphanumeric crypto addresses into short readable names. It is a vital service to make the decentralized web3 accessible and easy to use.
• ENS is an ERC20 token, which means that it works entirely on the Ethereum mainnet.
• ENS is based on a proof-of-work consensus mechanism.
• ENS has a fixed supply of 100 million coins with currently over 20 million tokens in circulation
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ENS is the utility token of the ENS ecosystem, also known as Ethereum Name Service. The project makes the decentralized web accessible by converting long crypto addresses into readable names.
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