Buy Ethereum Name Service (ENS): value and price trends

Discover what Ethereum Name Service (ENS) is, the .eth domain system, and how to buy the token on Young Platform.

Buy Ethereum Name Service (ENS): value and trends

What is Ethereum Name Service (ENS)

Ethereum Name Service (ENS) is a domain system on the Ethereum blockchain: it allows long alphanumeric wallet addresses to be replaced with readable names ending in “.eth” (for example “name.eth”). It is the Web3 equivalent of the DNS system that translates website addresses into understandable names.

How it works

By registering an ENS domain, a simple name is linked to one or more addresses, making it more immediate to send and receive crypto-assets and to interact with decentralised applications. ENS domains are themselves NFTs, so they can be transferred and managed by the owner.

The ENS token and governance

ENS is the project’s governance token, managed by a DAO: a significant share of the supply is allocated to the community. In 2021 a portion was distributed via an airdrop to those who had registered a domain by a certain date.

ENS was founded in 2017 by Alex Van de Sande and Nick Johnson, then part of the Ethereum Foundation, later becoming independent in 2018. Past performance is not a guarantee of future results.

Ethereum Name Service Market Data

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