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Live ENS/INR Price
₹421.88
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ENS is an open and distributed naming system that makes lengthy crypto addresses easy to read and share. It is based on the Ethereum blockchain and works on the same concept of Domain Name Service (DNS) that maps simple website names to their IP addresses.
ENS essentially converts human-readable Ethereum addresses like mark.eth into alphanumeric codes found in your wallets. It was founded by lead developer Nick Johnson and is supported by the Ethereum Foundation.
• ENS is an ERC20 utility token and is, hence, based on the Ethereum mainnet.
• It is mainly used as a governance token to vote and influence key decisions surrounding ENS.
• ENS, secured by the proof-of-work consensus mechanism, converts long and confusing crypto addresses into readable Ethereum addresses.
ENS is a governance token and has a one-of-a-kind value proposition – it makes Ethereum-based web accessible and easy to use. It is the first service to replicate the Domain Name Service of the internet to the decentralized web3. ENS is an open-source project controlled by holders of the ENS governance tokens.
• ENS tokens allow the holders of the coin to govern the protocol.
• Holders can influence key decisions and vote on the pricing of its .eth addresses and their price oracle.
• Token holders can also delegate their voting rights to the DAO.
• ENS, similar to DNS, solves a very critical problem in the decentralized web3.
• It is the first service to solve the readability issue of crypto addresses and has wide recognition among crypto users.
• It still ranks at #144 by market cap.
• You can start trading on the app with only Rs 100.
• Enables immediate cancellation and deposit to bank accounts immediately.
• Intuitive and easy user interface.
• Offers easy monitoring to beginners.
Vaulta
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1. What is Ethereum name services?
Ethereum Name Service (ENS) is a decentralized naming system built on Ethereum that converts human-readable names like “example.eth” into machine-readable addresses like Ethereum wallet addresses.
2. What is ENS used for?
ENS is used to simplify cryptocurrency transactions, dApp interactions, and Web3 user identity by replacing complex wallet addresses with readable names.
3. Does ENS have a token?
Yes, ENS has a native token called ENS, which is used for governance of the ENS DAO.
4. Who owns ENS crypto?
Highlight
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.
ENS Price Today
ENS Price
₹421.88
Price Change 24h
0%
Price Change 7d
2.06%
Market Rank
#125
Market Cap
₹1,664 Cr.
Trade Vol 24h
₹69 Cr
Circulating Supply
₹4 Cr. ENS
Trading Activity
Not Available
Convert Ethereum Name Service (ENS) to INRBuy Ethereum Name Service (ENS)Ethereum Name Service (ENS) PriceDisclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
