Buy Ethereum Name Service (ENS)
What is Ethereum Name Service?
Ethereum Name Service (ENS) is a decentralised, open naming system built on the Ethereum blockchain. It maps human-readable names, such as 'myname.eth', to machine-readable identifiers, such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.
How does Ethereum Name Service work?
ENS operates similarly to the Domain Name Service (DNS) used on the internet but is decentralised. It relies on two main components: the ENS registry and resolvers. The ENS registry is a smart contract on the Ethereum blockchain that maintains a list of all domains and subdomains, while resolvers are responsible for translating names into addresses and other resources.
What are the potential use cases for Ethereum Name Service?
Ethereum Name Service can be used to simplify cryptocurrency payments by replacing long wallet addresses with easy-to-remember domain names. It can also host decentralised websites, store metadata like email addresses and social media links, facilitate digital identity management, and enable reverse resolutions where Ethereum addresses can be mapped back to human-readable names.
What is the history of Ethereum Name Service?
ENS was conceptualised in April 2016 by Nick Johnson and launched on the Ethereum mainnet on May 4, 2017. Since then, ENS has seen several significant developments, including the expansion of character limits for domain names, governance transitions to the ENS DAO, and proposals for expanding to Layer 2 networks.
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Frequently Asked Questions (FAQs)
What is the current price of Ethereum Name Service (ENS)?
The Ethereum Name Service price is $55.61 AUD, representing a -6.3% from the day prior.
Where is the best place to buy Ethereum Name Service (ENS) in Australia?
The best place to buy Ethereum Name Service (ENS) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ethereum Name Service (ENS) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Ethereum Name Service (ENS)?
The trading volume of Ethereum Name Service (ENS) is $464.7M AUD in the last 24hrs, representing a -6.3% from the day prior.
How can I buy Ethereum Name Service (ENS)?
Ethereum Name Service (ENS) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Ethereum Name Service (ENS)?
The current market cap of Ethereum Name Service (ENS) is $1.8B AUD.
Can I convert Ethereum Name Service (ENS) to cash?
Yes - With Coinstash you can convert your Ethereum Name Service (ENS) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Ethereum Name Service (ENS) are there?
The current circulating supply of Ethereum Name Service (ENS) is 33.2M.
Is Coinstash a safe place to buy Ethereum Name Service (ENS) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ethereum Name Service (ENS) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.