Ethereum Name Service (ENS)
By CoinGecko | Updated on Aug 12, 2021
The Ethereum Name Service (ENS) is a look-up service that allows Ethereum users to find websites or send and receive funds via simple names instead of complicated sequences of letters and numbers. ENS features a registry smart contract that keeps track of all domain names, subdomains, owners, resolvers, and other information, as well as allowing the owner to update it. It works like the Domain Name System (DNS), but ENS is decentralized and more secure.
Related Terms
Decentralized Applications (dApps)
Applications that run on decentralized peer-to-peer networks such as Ethereum.
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
Fear, Uncertainty and Doubt (FUD)
A strategy to dissuade people from buying a particular cryptocurrency by spreading false information
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
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