In ethereum name service edges closer to 2 million domain registrations the world of cryptocurrencies, ethereum is king. With a market cap of over $30 billion and counting, Ethereum is clearly one of the most popular cryptocurrencies on the market. And this popularity has translated into significant growth for its name service, ethereum Name Service (ENS). ENS has registered more than 2 million domain names since its launch in July 2017, and this number is only growing. In this blog post, we’ll take a look at what makes ENS so special and how you can benefit from using it.
What is Ethereum Name Service?
Ethereum Name Service (ENS) is a decentralized name registry that uses the Ethereum blockchain to manage names. As of May 2018, ENS had registered over 950,000 domains. The goal of ENS is to create a more secure and efficient way to register domain names and to provide a decentralized platform for resolving domain disputes.
ENS works by verifying the identity of holders of registered domain names through the use of blockchain technology. Each domain name is associated with an Ethereum address and recorded in a public ledger. If two parties disagree about the ownership of a given domain name, they can use ENS to resolve the dispute.
ENS was created in early 2017 by Mist founder Anthony Di Iorio and Ethereum co-founder Vitalik Buterin. Di Iorio stated that ENS was inspired by the problems he saw with registering .com domains on the internet. He noted that “.com” domains are owned by corporations such as Google and Amazon, which makes it difficult for smaller businesses to get their name recognized on the web.
ENS has attracted some criticism since its inception due to its reliance on the Ethereum network. In December 2017, hackers stole 3 million ether from smart contract account holders using an attack known as The DAO Attack. This event caused some investors to doubt whether ENS would be able to handle large scale domain registrations.
How Does Ethereum Name Service Work?
Ethereum Name Service (ENS) is a decentralized naming system based on the Ethereum blockchain. It allows users to resolve domain names using ENS names. As of July 2018, ENS had registered over 995,000 domains. The system works by registering a name and associated contract address in the ENS blockchain. Whenever someone wants to resolve a domain name, they first need to find the name’s corresponding contract address. They can then use the standard ENS API to call the function at that address, which will return the resolved domain name.
Why is Ethereum Name Service Important?
Ethereum Name Service (ENS) is a decentralized platform that facilitates the automatic registration of domain names. It is important because it helps to improve the supply and quality of domain names, which in turn enhances the functionality and usability of online services.
ENS accomplishes its goal by providing a registry of name servers, which are operated by volunteer nodes. Registered domain names are then managed through these name servers. This process allows anyone with an internet connection to register a new domain name or modify an existing one.
ENS also provides a registry of resolve records, which are used to automatically identify the IP addresses corresponding to particular domain names. This information can be used to route traffic to appropriate websites or service providers.
ENS has registered over 1 million domains since its inception in early 2017. The platform has also attracted a number of major corporations and startups, who use ENS to enhance their branding and search engine optimization efforts.
How to Use Ethereum Name Service
Ethereum Name Service (ENS) is a decentralized naming system based on Ethereum that allows users to register and manage domain names. ENS was created as a solution to the problem of user privacy and security when registering domains.
ENS uses a blockchain-based registry that can verify the ownership of domain names through the use of cryptographic proofs. registrar Naming System, Inc. (NNS), operates ENS as a service on the Ethereum network. As of June 22nd, 2018, ENS had registered over 921,000 domains under its management.[1]
To create an account on ENS, you will need to provide your personal Ethereum address and access ID. After creating an account, you will be able to add addresses for your domains and configure their DNS settings. When you register a domain with ENS, you will be given a unique name server address and private key pair. You will then be able to deploy this information to your DNS provider of choice.
ENS is still in beta testing mode and there are some limitations currently associated with using it. For example, you cannot currently register .eth domains or use ENS to redirect traffic from existing .com/.org/.net domains to your new .eth domain. However, these limitations are likely to be resolved in the near future.[2]
Conclusion
The ethereum name service edges closer to 2 million domain registrations, according to a new blog post. The news comes as part of the Ethereum Foundation’s ongoing efforts to promote the use of ethereum names and addresses for everything from online voting to secure communication. As of earlier this month, 1,983,288 unique domains were registered under the ethereum name service.
